Insights into the Global Economy
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Belgian politicians drop opposition to EU-Canada trade deal

Belgian politicians drop opposition to EU-Canada trade deal | Insights into the Global Economy | Scoop.it
EU leaders hope deal will be signed as Belgian PM says leaders of five regional parliaments have reached an agreement

 

Westminster Business School's insight:

Questions for discussion

  1. What are the potential benefits for the EU and Canada of agreeing a trade deal?
  2. Explain how all countries could benefit form a free trade agreement amongst members.
  3. Consider the impact this is likely to have on non-members.
  4. Why do you think these trade deals take so long to be negotiated.

Further reading

http://www.bbc.co.uk/news/world-europe-37758475

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Why Brexit happened -- and what to do next | Alexander Betts

We are embarrassingly unaware of how divided our societies are, and Brexit grew out of a deep, unexamined divide between those that fear globalization an
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Will oil prices continue to fall?

PRICE Futures Group's Phil Flynn on the outlook for oil prices.
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World got cannier at using energy last year: IEA

World got cannier at using energy last year: IEA | Insights into the Global Economy | Scoop.it
Global energy efficiency, or the amount of gross domestic product squeezed from a given unit of energy, improved by 1.8 percent last year, the International Energy Agency said in a report on Monday.
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Who wants Britain in and out of the EU

Who wants Britain in and out of the EU | Insights into the Global Economy | Scoop.it
Britain will hold a referendum on whether to leave the European Union before the end of 2017.

The debate has sparked a war of words between business organisations on either side of the debate.

As David Cameron heads to Brussels to renegotiate Britain’s new terms of EU membership, we look at the business arguments for and against.
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Bread and peace: Linking economic development with peacebuilding - ECDPM

Bread and peace: Linking economic development with peacebuilding - ECDPM | Insights into the Global Economy | Scoop.it
Economic development and peace are both needed by the 1.4 billion people living in fragile, conflict-affected countries. The good news is, economic development initiatives can easily be designed to integrate peacebuilding.
Westminster Business School's insight:

Questions for discussion

  1. What is the link between peace and economic development?
  2. How has conflict impacted countries such as Syria?
  3. In what ways can conflict spill over into a global economic problem? 
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Somalia gearing up to streamline economic performance

Authorities in Somalia have unveiled a National Development Plan. Through this National plan - Somalia, which is ranked among the most heavily indebted count...
Westminster Business School's insight:

Questions for discussion

  1. What do you understand by development?
  2. Why do you think Somalia needs a National Development plan?
  3. Why is it important to measure and monitor key economic activity such as Gross Domestic Product (GDP), imports and exports and population size?
  4. What challenges do developing countries such as Somalia face in collecting and monitoring key economic data?
Further research 
  1. What do you understand by the term 'conflict trap' as identified by Paul Collier (2007)?
  2. What other countries other than Somali do you think may have been affected by the 'conflict trap'?
  3. What is the heavily indebted poor country initiatve (HIPC)?
  4. What will a country like Somalia gain from being part of the HIPC initiative? 
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IMF assessment of UK economy in 2016 (11Dec15)

Christine Lagarde from the IMF gives her assessment on the UK economy in 2016. It'll be wrong. Recorded from BBC News Channel HD, 11 December 2015.
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Obama: Paris talks a turning point for climate threat – video

Obama: Paris talks a turning point for climate threat – video | Insights into the Global Economy | Scoop.it
Barack Obama says on Monday in Paris that the growing threat of climate change could define this century
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Prince Charles opens Paris climate talks and calls on world leaders to act now

Prince Charles opens Paris climate talks and calls on world leaders to act now | Insights into the Global Economy | Scoop.it
Prince of Wales calls climate change the greatest threat facing humanity and urges leaders to protect the planet for future generations
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How climate change threatens Vanuatu

Bill Weir looks at how climate change can impact two on Vanuatu's islands. The Wonder List is on CNN Sundays at 10p ET/PT.
Westminster Business School's insight:

More videos on climate change 

https://www.youtube.com/watch?v=BINKreV95Yg


http://www.bbc.co.uk/news/world-26826471


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Oil prices seen under pressure as Paris attacks spark demand worries

Oil prices seen under pressure as Paris attacks spark demand worries | Insights into the Global Economy | Scoop.it
Prices of oil and other commodities will come under renewed pressure on Monday on fears that Friday night's deadly attacks on Paris will further slow the global economy. 
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Painful legacy of China's one child policy - BBC News

The policy-making arm of China's Communist Party is meeting this week to hammer out a strategy for the country's economic and social development in the nex

 

Further sources

https://www.youtube.com/watch?v=mRBT70_RIWM

http://www.bbc.co.uk/schools/gcsebitesize/geography/population/managing_population_rev3.shtml

https://www.youtube.com/watch?v=D0BPWFnL_jY

 

  1. What was the original reason that China implemented a one-child policy?
  2. Explain the Malthusian population trap and consider how rapid population growth in a developing country could lead to a low income trap.
  3. What are some of the unintended consequences of the one child policy?
  4. Why do you think China chose to relax the policy?

 

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World Bank admits some have lost out from free trade - BBC News

World Bank admits some have lost out from free trade - BBC News | Insights into the Global Economy | Scoop.it
An internal document seen by the BBC says globalisation "may have led to rising wage inequality" as the head of the World Bank says more needs to be done to help those who have lost their jobs.
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OPEC and the stagnant price of oil - Counting the Cost

The 15th International Energy Forum, held in Algiers earlier this week, saw OPEC members decide to cut production by about 800,000 barrels per day. The cu
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Is international trade always good for the economy BBC News

Is international trade always good for the economy BBC News
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The CFTA: Moving towards an African “mega-regional” agreement? | International Centre for Trade and Sustainable Development

The CFTA: Moving towards an African “mega-regional” agreement? | International Centre for Trade and Sustainable Development | Insights into the Global Economy | Scoop.it
This article suggests key insights to strategically advance the Continental FTA negotiations.   
Westminster Business School's insight:

Background reading

http://www.ibtimes.co.uk/26-african-nations-sign-continents-largest-free-trade-agreement-1505374

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Africa: Four Challenges for Africa in 2016

Africa: Four Challenges for Africa in 2016 | Insights into the Global Economy | Scoop.it
Analysis - 2016 leads Africa into a new era in international cooperation. The migration and refugee crisis, terrorism, violence and fragility - all triggered by or mixed with the very visible impacts of climate change - are stark reminders that action on multiple fronts cannot be postponed.
Westminster Business School's insight:

Questions for discussion

  1. What are the main challenges facing Africa in 2016?
  2. How can African leaders address these challenges?
  3. Is there room for greater coordination of policies amongst African nations?


Further reading

http://ecdpm.org/wp-content/uploads/Challenges_2016_Global_Goals_Mackie_Deneckere_ECDPM.pdf


Further questions

  1. What is meant by 'making agriculture climate smart?
  2. In what ways do the sustainable development goals SDGs go beyond what was achieved by the millennium development goal MDGs?
  3. Explain how clever accounting by multinational companies can lead to problems with domestic resource mobilisation in a developing countries.
  4. What was achieved in the WTO trade talks in Nairobi in December 2015?
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Brazil's bust is worse than we thought

Brazil's bust is worse than we thought | Insights into the Global Economy | Scoop.it
The IMF sharply revised down its economic projections for Brazil on Tuesday, the most of any country.
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AOL.co.uk -Video - Euro Zone: Unsteady Start to 2016

AOL.co.uk -Video - Euro Zone: Unsteady Start to 2016 | Insights into the Global Economy | Scoop.it
Westminster Business School's insight:

Questions for discussion

  1. What does the level of unemployment and low inflation (or falling prices) indicate about aggregate demand in the Eurozone?
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IMF chief visits Nigeria

International Monetary Fund managing director, Christine Lagarde is in Nigeria on a 4-day visit to advise Africa's largest oil producer on how to recover fro...
Westminster Business School's insight:

Questions for discussion

  1. How important are exports to the Nigerian economy?
  2. What is the most important export for the Nigerian economy and what has happened to the price of that commodity over the past 12 months?
  3. How have low food prices affected the Nigerian economy and explain the mechanism by which low commodity export prices will adversely affect the Nigerian economy?
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Attenborough: 'Solar energy should undercut oil' BBC News

Sir David Attenborough is attending the UN climate conference in Paris. He is working with the Global Apollo Programme, a campaign group which supports renew...
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What is climate change? - BBC News

What is climate change? - BBC News | Insights into the Global Economy | Scoop.it
BBC News looks at what we know and don't know about the Earth's changing climate.
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Cameron earmarks half UK aid budget to spend on fragile states

Cameron earmarks half UK aid budget to spend on fragile states | Insights into the Global Economy | Scoop.it
PM likens battle with extremist Islamism to that with Hitler, as Osborne announces National Cyber Centre to fight terror
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