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Child refugees in Turkey making clothes for UK shops - BBC News

Child refugees in Turkey making clothes for UK shops - BBC News | Development Economics | Scoop.it

Clothes made by child refugees in Turkey are ending up among those sold by leading British brands, a Panorama investigation reveals.

Panorama investigated factories in Turkey and found children had been working on clothes for Marks and Spencer and the online retailer Asos

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Is this an example of a flexible labour market or Market failure?
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Millennium Development Goals and Sustainable Development Goals

Millennium Development Goals  and Sustainable Development Goals | Development Economics | Scoop.it
In 2000, 189 nations made a promise to free people from extreme poverty and multiple deprivations. This pledge became the eight Millennium Devleopment Goals to be achieved by 2015. In September 2010, the world recommitted itself to accelerate progress towards these goals.
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The concept of the SDGs was born at the United Nations Conference on Sustainable Development, Rio+20, in 2012. The objective was to produce a set of universally applicable goals that balances the three dimensions of sustainable development: environmental, social, and economic

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Richest 62 people as wealthy as half of world's population, says Oxfam

Richest 62 people as wealthy as half of world's population, says Oxfam | Development Economics | Scoop.it

The vast and growing gap between rich and poor has been laid bare in a new Oxfam report showing that the 62 richest billionaires own as much wealth as the poorer half of the world’s population.

Charity says only higher wages, crackdown on tax dodging and higher investment in public services can stop divide widening

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Commodity dependency-A risky state

Commodity dependency-A risky state | Development Economics | Scoop.it

Interactive world map of commodity dependence  displaying data from the UN Conference on Trade and Development, and show which countries are net importers and exports of primary commodities in general, and of oil, metals and food in particular. 

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Linked to 

http://www.tutor2u.net/economics/reference/development-and-growth-constraints-primary-product-dependency ;

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Exchange Rate Management for Commodity Booms: Examining Zambia’s Copper Export

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Made in India? Why manufacturing is the best route to development

Made in India? Why manufacturing is the best route to development | Development Economics | Scoop.it

India should follow the example of China to make its way in the world rather than rely on the service sector. Productivity growth and technological advancement lie at the root of economic development, which is why manufacturing is so important.

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Child Labour in Bangladesh

More about this episode: http://www.bbc.co.uk/programmes/b00s5wzp Simon Reeve meets 10-year-old Jahangir, who works in a sweltering glass factory in Dhaka, B...
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Child labour in the fashion supply chain

Child labour in the fashion supply chain | Development Economics | Scoop.it
Around 260 million children are in employment around the world, according to the International Labour Organisation . The ILO estimates that 170 million are engaged in child labour, defined by the UN as “work for which the child is either too young – work done below the required minimum age – or work which, because of its detrimental nature or conditions, is altogether considered unacceptable for children and is prohibited
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India's energy deficit

Half of India was affected by July's power blackouts, but intermittent power is a fact of life for everyone in the country. The FT's James Crabtree examines what this means for ordinary people, companies and the country as a whole.

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Economic boom deepens housing crisis in Delhi

Economic boom deepens housing crisis in Delhi | Development Economics | Scoop.it

With its 17 m people, New Delhi is symbol of India's rapid economic growth. This growth attracts at least half a million Indians from rural areas and other states, who come here looking for work every year.

New Delhi benefits greatly from a growing workforce, essential to the transport system, household work and markets. 
However, this massive migration is stretching the city's resources, making the basics, like housing, ellectricty, 
sanitation and education at luxury inaccessible to many.

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Migration threat to Indian economy-video

Migration threat to Indian economy-video | Development Economics | Scoop.it
A recent report has suggested that India needs to look at its infrastructure to prepare for massive migration expected in cities over the coming years.
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Slums and Social mobility

Slums and Social mobility | Development Economics | Scoop.it

DO SLUMS keep people in poverty or help them get out of it? It is an important question: about one-third of the urban population of developing countries (860m people) live in them. A recent paper from economists at the Massachusetts Institute of Technology (MIT) suggests that slums are often traps rather than springboards.

|http://www.economist.com/news/finance-and-economics/21595939-shanty-towns-may-be-more-trap-economists-thought-down-and-out

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The heavy price of Santiago's privatised water

The heavy price of Santiago's privatised water | Development Economics | Scoop.it

With water availability to Chile’s capital predicted to fall 40% by 2070, legislators are being called on to prioritise human and ecological needs over profit

When it comes to water, Chile is failing its citizens. In Santiago, the nation’s capital, millions of people are regularly left without running water for days at a time and experts are warning of water scarcity to come across the country

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So much for trickle down: only bold reforms will tackle inequality

So much for trickle down: only bold reforms will tackle inequality | Development Economics | Scoop.it

Even the IMF recognises the vicious circle in which inequality breeds instability, which causes recession and spending cuts that make inequality worse

The IMF sketches out some of the reasons why inequality is bad for growth. Poor people tend to spend rather than save any additional income. If they see their incomes stagnate or fall, they have a tendency to borrow more, which can lead to a dangerous build-up in debt and eventually a financial crisis

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Larry Elliott: " There is a vicious circle at work here. Inequality breeds instability, which leads to recession. Recession damages the public finances, which leads to government belt tightening. Austerity requires spending cuts that widen inequality, which in turn leads to slower growth and a greater reliance on debt.

If not now then at some point, this vicious circle will have to be broken."

 

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Revealed: how the wealth gap holds back economic growth

Revealed: how the wealth gap holds back economic growth | Development Economics | Scoop.it

OECD the west’s leading economic thinktank  dismissed the concept of trickle-down economics as it found that the UK economy would have been more than 20% bigger had the gap between rich and poor not widened since the 1980s

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Generate decent jobs 'or a billion people will remain in extreme poverty'

Generate decent jobs 'or a billion people will remain in extreme poverty' | Development Economics | Scoop.it
Poverty reduction initiatives worldwide are having insufficient impact on the chronically poor, advisory group warns
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Manufacturing in Africa- An awakening giant

Manufacturing in Africa- An awakening giant | Development Economics | Scoop.it
If Africa’s economies are to take off, Africans will have to start making a lot more things. They may well do so
.
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New opportunities for Africa as global apparel manufacturer 

New opportunities for Africa as global apparel manufacturer  | Development Economics | Scoop.it

New opportunities for Africa as global apparel manufacturer. The question of how long China will remain the largest clothing manufacturer continues to linger on. Not only does the country have to contend with increasing competition from neighboring countries such as Bangladesh, India and Vietnam, but also with the growing appeal from countries in Africa as well.
This African allure is increasingly attractive to retailers, especially to large American apparel companies.

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Hidden child labour: how Syrian refugees in Turkey are supplying Europe with fast fashion

Hidden child labour: how Syrian refugees in Turkey are supplying Europe with fast fashion | Development Economics | Scoop.it
Thousands of Syrian refugees are working illegally in the Turkish garment industry where child labour, low wages and poor conditions are common
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Chinese and Indian Railways - Importance of Infrastructure

Chinese and Indian Railways - Importance of Infrastructure | Development Economics | Scoop.it
Two videos show the stark contrast between rail networks between China and India! Good for understanding a little more about the importance of rail network investment (high speed and conventional) as a platform for economic growth and development.
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Why housing is key to Africa’s development-PAUL COLLIER Professor of Economics-University of Oxford

Why housing is key to Africa’s development-PAUL COLLIER Professor of Economics-University of Oxford | Development Economics | Scoop.it

Housing policy is the single most important factor in Africa’s economic development. It needs to be elevated to the highest political level

Over the past half-century Africa has been the most rapidly urbanising region on the globe – but that urbanisation has been seriously dysfunctional. A good city provides people both with better employment opportunities and a better quality of life than in rural areas. African cities generally provide neither.

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Corruption and bribery in the classroom

Corruption and bribery in the classroom | Development Economics | Scoop.it
Corruption in education is a serious blight that undermines the quality and availability of schools and universities, according to an international report.
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Video: Women Who Work: Struggling to Provide

Video: Women Who Work: Struggling to Provide | Development Economics | Scoop.it
The Times's Adam B. Ellick examines the rise of lower-class women working service jobs in Pakistan -- despite backlash from male relatives. It's economic desperation vs. religious traditions.
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