Economic growth, development and trade
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Beyond Microfinance: Leaving it behind - strategies to lower extreme poverty

Beyond Microfinance: Leaving it behind - strategies to lower extreme poverty | Economic growth, development and trade | Scoop.it
“ How to rescue people from deep poverty—and why the best methods work”
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Remittances – advantages and limitations

Remittances – advantages and limitations | Economic growth, development and trade | Scoop.it
Remittances come up in the CIE A2 Economics Syllabus under Developing Economies. The Economist in their 'Economic and Financial Indicators' sections has an informative graph and commentary of 2015 remittances.
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The importance of remittances for Nepal

“ Remittances are the bedrock of Nepal’s economy. They’ve quadrupled since 2010 thanks to 2 million Nepalis who work abroad, generating nearly one-third of the gross domestic product.”
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Geoff Riley's curator insight, October 29, 1:06 AM
Nearly two million Nepalese live and work overseas, little wonder that remittances flowing into Nepal account for nearly one third of their annual national income. This article from the Asian Development Bank considers some of the benefits and costs of remittances for countries such as Nepal.
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Two economists have developed a new measure that could be an improvement on GDP

Two economists have developed a new measure that could be an improvement on GDP | Economic growth, development and trade | Scoop.it
“ A paper by economists Charles Jones and Peter Klenow of Stanford University develops a new measure of economic welfare that moves beyond GDP.”
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Geoff Riley's curator insight, September 7, 3:42 PM
Two economists at Stanford University in the USA have published a new paper in the American Economic Review surveying an alternative to GDP per capita as a benchmark for economic welfare. In their interpretation,  a person’s welfare is based on how much they can actually consume and how much time they can actually take off. Leisure time, life expectancy and inequality are all included in their overall assessment and one interesting result when the data is analysed is the shrinking gap in measured economic welfare between France and the USA.

"If policymakers were to compare the United States to France by average consumption, for instance, then France’s living standard is only 60 percent of the U.S. level. But using a measure that includes France’s lower inequality, lower mortality rate, and more leisure, France’s welfare-based living standard is about 92 percent of the U.S. level, with inequality, mortality, and leisure all boosting the relative standard equally."

This is an interesting addition to the growing cluster of alternative composite measures of economic welfare / wellbeing as an alternative to the traditional focus on real income (GDP/GNI) per capita. 
Rebecca Clark's curator insight, September 21, 12:34 PM

Improving GDP

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Is globalization bad for the global poor? This study ran an experiment to find out.

Is globalization bad for the global poor? This study ran an experiment to find out. | Economic growth, development and trade | Scoop.it
“ Answering this question can be tricky.”
Via Geoff Riley
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Geoff Riley's curator insight, October 2, 12:07 PM
Employment in low value added manufacturing has tangible benefits but cash transfers and directly provided enterprise training might have more of a long term effect.
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Should Botswana break its reliance on diamonds? - BBC News

Should Botswana break its reliance on diamonds? - BBC News | Economic growth, development and trade | Scoop.it
Diamonds have helped Botswana's economy over the past 50 years. But now some people are saying that the stones don't hold the same promise for the future.
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Africa needs to trade with itself – here’s how

Africa needs to trade with itself – here’s how | Economic growth, development and trade | Scoop.it
There is one way of boosting intra-regional trade, and with it economic growth and development: technology. But for technology to be able to transform trade in Africa, there are a few important steps we must first take.
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Have we achieved the Millennium Development Goals? - CBBC Newsround

Have we achieved the Millennium Development Goals? - CBBC Newsround | Economic growth, development and trade | Scoop.it
In the year 2000, countries around the world joined together to start the biggest ever effort to tackle global problems.
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Case study: Brazil’s Bolsa Familia - Understanding Public Financial Management - SOAS University of London

Case study: Brazil’s Bolsa Familia - Understanding Public Financial Management - SOAS University of London | Economic growth, development and trade | Scoop.it
Brazil’s Bolsa Familia is one of the most famous conditional cash transfers programmes in the world. Dr Alberto Asquer examines its success.
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Where does the UK's aid currently go? - BBC News

Where does the UK's aid currently go? - BBC News | Economic growth, development and trade | Scoop.it
The UK is shifting its aid priorities because of the migrant crisis. Where does the money go now?
Bloxham economics and business's insight:
good video clip on UK aid
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Burkina Faso election: millions vote in first poll since coup

Burkina Faso election: millions vote in first poll since coup | Economic growth, development and trade | Scoop.it
The vote is believed to be the country’s most democratic ever and comes after months of turmoil following removal of president Blaise Compaore last year
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African Economic Outlook - Measuring the pulse of Africa

African Economic Outlook - Measuring the pulse of Africa | Economic growth, development and trade | Scoop.it
Bloxham economics and business's insight:
Look look at country resources pages
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Africa's economic prospects in 2016: Looking for silver linings

Africa's economic prospects in 2016: Looking for silver linings | Economic growth, development and trade | Scoop.it

adwAfrica's economy is likely to face a very tough 2016, as the continent deals with falling commodity prices, China's slowdown and a host of other problems, reports BBC Africa Business Report's Matthew Davies.


Via Geoff Riley
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Geoff Riley's curator insight, January 8, 11:50 AM

This is excellent for A2 macro students - especially Edexcel and OCR people - the external headwinds are affecting African countries in different ways. Sharp falls in global oil prices have been a blessing for countries dependent on imported crude. But depressed commodity prices are shifting the terms of trade away from primary exporters such as Zambia and Nigeria and leading to reduced investment, worsening fiscal balances and - in many case - a severe depreciation of national currencies. Will lower currencies be an effective stimulus for emerging sub Saharan manufacturing industries? Or will the negatives outweigh the positives - not least the $ denominated repayments of Eurobonds issued by several SSA governments that are must be made during 2016? 

Rebecca Clark's curator insight, September 21, 12:39 PM

African economies

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What does “made in Britain” mean?

What does “made in Britain” mean? | Economic growth, development and trade | Scoop.it

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Geoff Riley's curator insight, November 21, 11:52 AM
Full of insight into the meaning of made in Britain in a world of complex vertically-integrated supply chains.
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Mapping Africa's natural resources

Mapping Africa's natural resources | Economic growth, development and trade | Scoop.it
“ An overview of the continent's main natural resources.”
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Geoff Riley's curator insight, October 27, 4:47 AM
Here is an updated chart on the main natural resources for African countries - great when teaching resource traps, primary product dependency and related topics. Is the wealth that lies below the ground more significant than what lies above? Turning natural capital into sustainable, inclusive/equitable growth and development progress is difficult but a growing number of sub Saharan African countries have made notable strides forwards in recent years. 

The weakness of world commodity prices is leading to forecast growth in SSA to be cut. Oil exporting countries are struggling but many non-commodity exporting nations continue to enjoy rapid growth. According to the IMF,  "the full picture of sub-Saharan Africa is one of multispeed growth in which regional aggregate numbers hide considerable diversity." That said, economic growth in Africa is forecast to drop to 23-year-low of 1.4 pct in 2016 according to the latest IMF forecasts.

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EU imposes import duties of up to 73.7% on cheap Chinese steel

EU imposes import duties of up to 73.7% on cheap Chinese steel | Economic growth, development and trade | Scoop.it
“ UK Steel warns tariff on hot-rolled steel might not be high enough to discourage China from further dumping of cheap steel”
Via Graham Watson
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Graham Watson's curator insight, October 7, 4:20 PM
The EU have imposed a 73.7% tariff on Chinese steel; however, the UK steel industry has argued that import duties of between 13.2% and 22.6% on Chinese hot-rolled steel might not be enough to deter dumping.

To some, it's a case of too little, too late.
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Britain’s spending on aid isn’t too generous. It’s a drop in the ocean | Gordon Brown

Britain’s spending on aid isn’t too generous. It’s a drop in the ocean | Gordon Brown | Economic growth, development and trade | Scoop.it
“ Our lack of commitment to educating the world’s children is a timebomb. And its consequences will haunt us”
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Geoff Riley's curator insight, September 15, 2:35 AM
Former PM Gordon Brown builds the case for more generous overseas development assistance focusing on improving educational opportunities for children in the least developed economies arguing that a failure to act may lead to more Arab Springs.

"While around 80% of today’s Korean, Japanese, Taiwanese and Singaporean primary school children will go on to attend university, less than 5% of their counterparts in African countries such as Niger and the Democratic Republic of Congo will do so at any time in the foreseeable future."
Kit Wiggin's curator insight, September 19, 1:48 AM
Interesting coming from someone who did't know a lot about spending on the right things

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Ethiopia’s Incentives To Investors Attracts Foreign Firms

Ethiopia’s Incentives To Investors Attracts Foreign Firms | Economic growth, development and trade | Scoop.it
“ Ethiopia has seen an increase in FDI as more foreign firms set up in the horn of Africa nation attracted by government incentives”
Via Geoff Riley
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Geoff Riley's curator insight, October 3, 12:09 PM
Ethiopia has seen substantial inward FDI in recent years although this investment has been volatile. http://data.worldbank.org/indicator/BX.KLT.DINV.WD.GD.ZS?end=2015&locations=ET&start=1975 What are the advantages and downsides of inward FDI for a fast-growing country such as Ethiopia?
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Primary Dependency: Angola seeks IMF help in wake of oil price falls

Primary Dependency: Angola seeks IMF help in wake of oil price falls | Economic growth, development and trade | Scoop.it
Oil exporting Angola asks the International Monetary Fund (IMF) for financial assistance.

Via Geoff Riley
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Geoff Riley's curator insight, April 8, 4:28 AM
The Angolan economy is hugely dependent on the extraction and exporting of crude oil. With with global prices remaining stubbornly low their economy is suffering from a steep decline in export revenues and tax receipts. The result is a fiscal crisis which may require emergency loans from the IMF. In the past, the default position of the IMF has been to apply conditionality to loan finance - for example requiring structural economic reforms and/or fiscal austerity. But there are signs that the IMF approach is changing. Angola's export base is narrow and their economy is highly vulnerable to global economic shocks.
hulisani.'s curator insight, May 3, 10:05 AM
How does this have an influence on the African market?
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What is GDP, and how are we misusing it?

What is GDP, and how are we misusing it? | Economic growth, development and trade | Scoop.it
Why you shouldn't judge a country by its GDP.
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hulisani.'s curator insight, May 3, 9:59 AM
the importance of GDP
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Case study: Brazil’s Bolsa Familia - Understanding Public Financial Management - SOAS University of London

Case study: Brazil’s Bolsa Familia - Understanding Public Financial Management - SOAS University of London | Economic growth, development and trade | Scoop.it
Brazil’s Bolsa Familia is one of the most famous conditional cash transfers programmes in the world. Dr Alberto Asquer examines its success.
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Why do so many people still lack access to a toilet?

Why do so many people still lack access to a toilet? | Economic growth, development and trade | Scoop.it
A guide looking at sanitation and clean water supplies around the world, with a specific focus on how India is combating lack of both in areas of the country
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Money may be tight, but 'smart aid' to developing countries can really work | Larry Elliott

Money may be tight, but 'smart aid' to developing countries can really work | Larry Elliott | Economic growth, development and trade | Scoop.it
Larry Elliott: Far from creating dependency, strategic assistance from the west can help developing countries to help themselves
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Why mobile money is key to financial inclusion

Why mobile money is key to financial inclusion | Economic growth, development and trade | Scoop.it
The past few decades have brought more progress to mankind than the last few centuries. In 1990, 60% of the total population lived in extreme poverty. Today the share is below 10%. If pov...
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Application for M Pesa
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Amartya Sen: India has many achievements but some gigantic failures – video

Amartya Sen: India has many achievements but some gigantic failures – video | Economic growth, development and trade | Scoop.it
Nobel prize-winning Amartya Sen discusses his new book, An Uncertain Glory: India and its Contradictions
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E-learning for Africa held back by power shortage

E-learning for Africa held back by power shortage | Economic growth, development and trade | Scoop.it
“ The ambitions for more educational technology in Africa are being held back by a basic lack of electricity.”
Via Geoff Riley
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