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IMF warns of African economic slowdown - BBC News

IMF warns of African economic slowdown - BBC News | Economiscellany | Scoop.it
Economic growth in sub-Saharan Africa is slowing sharply, the International Monetary Fund warns.
Tom Lawson's insight:
Useful brief article about Africa's growth prospects.
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Has the global economic growth malaise become the 'new normal'?

Has the global economic growth malaise become the 'new normal'? | Economiscellany | Scoop.it
Structural reforms are needed to bolster growth but their upfront costs further strengthen opponents of change
Tom Lawson's insight:
Possibly useful for #F585.
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Guardian: A visual map of the money migrants send back home - Humanosphere

Guardian: A visual map of the money migrants send back home - Humanosphere | Economiscellany | Scoop.it
There's been a lot of buzz out there in the aid and development world lately following a report describing just how big an economic driver is the practice
Tom Lawson's insight:
#F585 #Economics #A2 #Migration #Remittances #A-level #OCR
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TPP: What is it and why does it matter? - BBC News

TPP: What is it and why does it matter? - BBC News | Economiscellany | Scoop.it
The Trans-Pacific Partnership is one of the most ambitious free trade agreements ever signed. But why does it matter?
Tom Lawson's insight:

The TPP was signed on the 4th February 2016 but needs to be ratified by the signatories in their own countries (e.g. in the USA it needs to pass through Congress). More on this is, with some background is on https://sites.google.com/site/tnmlonline/home/f585---resources-for-a2-macro-ocr-2016/trade-blocs.

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Zambia faces crisis as biggest man-made reservoir dries up at Kariba; it’s worst spell in 20 years

Zambia faces crisis as biggest man-made reservoir dries up at Kariba; it’s worst spell in 20 years | Economiscellany | Scoop.it
Zambia faces crisis as biggest man-made reservoir dries up at Kariba; it’s worst spell in 20 years
Tom Lawson's insight:

"The southern African nation, the second-biggest copper producer on the continent, typically generates almost half of its electricity output from a hydropower plant at Kariba. The power shortage is deepening an economic crisis as President Edgar Lungu’s government struggles to cope with a plunge in metal prices, a widening budget deficit and a collapse in the nation’s currency."

 

"Kariba is the world’s biggest man-made reservoir by volume that straddles the Zambian and Zimbabwean border and supplies about 1,830 megawatts of power to the two nations when running at full capacity. The dam was 40% full on July 19, less than half what it was a year ago, according to official data. Fed by the Zambezi river the reservoir is 226 kilometers (140 miles long) and as wide as 40 kilometers."

 

"Zambia’s state-owned utility Zesco Ltd. has already asked mining companies including Glencore Plc and Vedanta Resources Plc to curb power demand by 30%, reducing output from an industry that makes up about 12% of the economy. Investors are starting to abandon Zambian assets, once a favoured bet because of the nation’s stable political environment and average economic growth of 6.8% a year in the past decade."

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Mega African trade bloc paves way for continental commerce.docx

Mega African trade bloc paves way for continental commerce.docx | Economiscellany | Scoop.it
Tom Lawson's insight:

#Zambia and others could benefit if the patchwork quilt of African #tradeblocs were unified. #F585 #A-level #A2 #Trade #Economics #Integration

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BIG BAD CHINA [CHARTS] - ValueWalk

BIG BAD CHINA [CHARTS] - ValueWalk | Economiscellany | Scoop.it
By Shane Obata and Richardson GMP BIG BAD CHINA It seems as though every day we are inundated with news out of China. Investors are already concerned. The offshore renminbi (CNH) is more international than the onshore one (CNY), which is tightly …
Tom Lawson's insight:

This article explains the financial and structural problems of China which will continue the low levels of commodity demand which is so damaging for the exports of countries like Zambia. It also shows that there is still downside risk for the Chinese economy which could cause global recession or slowdown.

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‘Peak Trade’ and China’s role in 5 charts…

‘Peak Trade’ and China’s role in 5 charts… | Economiscellany | Scoop.it
An article in today’s FT quotes some new research in which economists at the IMF and the World Bank warn that – in the parlance of our headline writers – the world may have reached ‘Peak Trade’.
So what are they talking about? Read more
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How can Zambia’s growth be re-energized? | AfricaCan End Poverty

How can Zambia’s growth be re-energized? | AfricaCan End Poverty | Economiscellany | Scoop.it
Tom Lawson's insight:

A really helpful summary of recent events in Zambia. #F585 #A-level #Economics #Development

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Malawi Govt drilled on IMF fiscal tips | Malawi24 - All the latest Malawi news

Malawi Govt drilled on IMF fiscal tips | Malawi24 - All the latest Malawi news | Economiscellany | Scoop.it

Economic experts in the country have called on the Government to abide by the advice given by the International Monetary Fund (IMF) on miscellaneous fiscal advices.

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Why everyone is so keen to agree new trade deals

Why everyone is so keen to agree new trade deals | Economiscellany | Scoop.it
Backgrounder - global trade deals
Tom Lawson's insight:

Useful for the Trade and Integration topic on the F585 syllabus. #F585 #A-level #Integration #trade #tradeblocs #tpp #Economics

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Zambia raises interest rates to 15.5% in inflation busting effort - BBC News

Zambia raises interest rates to 15.5% in inflation busting effort - BBC News | Economiscellany | Scoop.it
The African country's central bank has pushed up interest rates from 12.5% to 15.5% in an effort to curb soaring inflation.
Tom Lawson's insight:

Good summary article for #F585 #Macroeconomics #OCR

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The Spirit Level: Britain's new theory of everything? - BBC News

The Spirit Level: Britain's new theory of everything? - BBC News | Economiscellany | Scoop.it
Are the authors of The Spirit Level right when they link inequality with ill health and social problems?
Tom Lawson's insight:

http://www.bbc.co.uk/news/uk-politics-11518509

See also: http://www.theguardian.com/books/2009/mar/13/the-spirit-level

 

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China makes the world's bras and pants from this one town

Next time you buy underwear that’s ‘Made in China’, chances are it has come from a town like Gurao, in south east China. Gurao has been dubbed the ‘town o
Tom Lawson's insight:
Overspecialisation in China
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Multi-facility Economic Zones

Multi-facility Economic Zones | Economiscellany | Scoop.it
The Ministry of Commerce Trade and Industry (MCTI) is Zambia's principal Government body responsible for administering national policy for private sector development. It coordinates industrial, commercial and trade matters and liases with various public and private sector organisations to facilitate the implementation of government sector policies related to trade and industry. This is in line with the Ministry's mission statement.
Tom Lawson's insight:

Ruth Tarrant on Tutor2U highlights the importance of SEZs in the last paragraph of the F585 stimulus, saying:


"Zambia currently has two SEZs, both developed in partnership with China’s imaginatively-named (state-owned enterprise or SOE) China Non-Ferrous Metal Mining Corporation. One, near the capital city Lusaka, specialises in producing clothing, food and electronics. The other is found in Zambia’s copperbelt, and unsurprisingly specialises in copper-related products."


For more: http://s3-eu-west-1.amazonaws.com/tutor2u-media/channels/beyond-the-bike/Special-Economic-Zones.pdf?mtime=20151127100624


This page from the Zambian ministry gives more detail and notes the main ones are called Chambishi and Lusaka park.

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Extract 2 Video - www.tnml.ch/eco

Extract 2 Video - www.tnml.ch/eco | Economiscellany | Scoop.it
TNML's Economics Website
Tom Lawson's insight:

New video for Extract 2 of the 2016 Stimulus! Globalisation and Balance of Payments Imbalances #F585 #OCR #A-level #Economics #A2 #Trade #Globalisation #BoP

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Kariba dam drops to record low 12%, and Zimbabwe, Zambia stare at a nightmare

Kariba dam drops to record low 12%, and Zimbabwe, Zambia stare at a nightmare | Economiscellany | Scoop.it

Kariba dam drops to record low 12%, and Zimbabwe, Zambia stare at a nightmare

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Articles on Zambia - www.tnml.ch/eco

Articles on Zambia - www.tnml.ch/eco | Economiscellany | Scoop.it
TNML's Economics Website
Tom Lawson's insight:

Here's my collection so far of useful articles for the F585 Paper.

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Africa's economic prospects in 2016: Looking for silver linings

Africa's economic prospects in 2016: Looking for silver linings | Economiscellany | 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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Sustainable development quiz: what do you know about the global goals?

Sustainable development quiz: what do you know about the global goals? | Economiscellany | Scoop.it
So how’s your knowledge of the global goals? How many are there, and when do they expire? Do you know your SDGs from your MDGs? We’ve set you a tough line-up of goals – see how often you can hit the target
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Zambia Unveils Austerity Measures Amid Copper Price Slump

Zambia Unveils Austerity Measures Amid Copper Price Slump | Economiscellany | Scoop.it
Zambia has announced a program of austerity measures to try to close a gaping budget deficit and restore confidence in southern Africa’s third-largest economy amid a copper price slump.
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Copper-rich Zambia hit by global drop in commodity prices - BBC News

Copper-rich Zambia hit by global drop in commodity prices - BBC News | Economiscellany | Scoop.it
The recent slump in commodity prices, due to the slowing Chinese economy, is a cause for concern in copper-rich Zambia.
Tom Lawson's insight:

Good article showing the effect of the Chinese slowdown on world commodity markets. Good practical examples in Zambia are explained and the effect on exchange rates is mentioned.

#F585 #A-level #OCR

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The Zambian economy is being hit hard by China’s slowdown

The Zambian economy is being hit hard by China’s slowdown | Economiscellany | Scoop.it
Tom Lawson's insight:

Great summary with some links to articles showing Zambia's dependence on commodity exports to China. #F585 #A2 #OCR #Economics

http://bit.ly/1OJy0IR

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