Unit 4 A2 Macro - The World Economy
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After the Savar tragedy, time for an international minimum wage

After the Savar tragedy, time for an international minimum wage | Unit 4 A2 Macro - The World Economy | Scoop.it
Muhammad Yunus: Bangladesh's garment industry must be reformed, not destroyed. Let's see foreign buyers unite to lift workers out of 'slave labour'

Via Geoff Riley
Cranbrook Economics's insight:

YEAR 13 - an excellent case study in poverty reduction and unit 4 poverty in general. Have a read!

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Geoff Riley's curator insight, May 13, 2013 2:38 AM

The Founder of the Grameen Bank argues the case for an international minimum wage in the garment industry and a small price premium to establish a Garment Workers Welfare Trust in Bangladesh. Lots of micro and macroeconomics in this piece not least the question of price sensitivity of consumers in rich nations. 

Unit 4 A2 Macro - The World Economy
An ideal source of information - particularly when searching for case studies from the Global Economy
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China has ‘wasted’ $6.8tn in investment, warn Beijing researchers - FT.com

China has ‘wasted’ $6.8tn in investment, warn Beijing researchers - FT.com | Unit 4 A2 Macro - The World Economy | Scoop.it
China has ‘wasted’ $6.8tn in investment, warn Beijing researchers
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Sub-Saharan Africa on cusp of major global economic boom - 09 - 2013 - News archive - News - News and media - Home

Sub-Saharan Africa on cusp of major global economic boom - 09 - 2013 - News archive - News - News and media - Home | Unit 4 A2 Macro - The World Economy | Scoop.it

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Geoff Riley's curator insight, September 24, 2013 5:28 AM

The LSE's John Sutton strikes a hugely positive note here in his assessment of the development prospects for Sub Saharan Africa - what might be some of the constraints on development for this region?

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How the US-EU trade deal affects you

How the US-EU trade deal affects you | Unit 4 A2 Macro - The World Economy | Scoop.it
What might the US-EU trade deal mean for Americans and Europeans?
Cranbrook Economics's insight:

This is well worth a read guys; both y13 Econ and y13 BS. This is directly related to trade liberalisation and globalisation and will help you understand some of the ins and outs and some of the politics that goes on behind closed doors.

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Network Rail told to cut £2bn costs

Network Rail told to cut £2bn costs | Unit 4 A2 Macro - The World Economy | Scoop.it
Network Rail is told by the rail regulator that it must find savings of £2bn over the next five years and improve punctuality on all routes.
Cranbrook Economics's insight:

Regulators, regulators, regulators......

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Linda Yueh

Linda Yueh | Unit 4 A2 Macro - The World Economy | Scoop.it
Chief business correspondent
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And here's the same for Linda Yueh's.

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China launches EU wine dumping probe

China launches EU wine dumping probe | Unit 4 A2 Macro - The World Economy | Scoop.it
China launches an anti-dumping probe against wine imported from the European Union (EU), a day after EU levied duties on Chinese solar panels.
Cranbrook Economics's insight:

Interesting developments in the China vs. EU trade battle. Watch this space closely as an excellent case study example of how tarriffs can lead to retaliation and then how, according to those in favour of trade liberalisation, economic growth globally can be negatively effected.

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The real corporate tax puzzle

The real corporate tax puzzle | Unit 4 A2 Macro - The World Economy | Scoop.it
The puzzle for economists is not that big companies now pay so little tax, but why, in a global economy, they pay tax on their profits at all.
Cranbrook Economics's insight:

Another good insight from Stephanie Flanders over the looming issue of Corporation Tax. Fiscal policy success hinges on complicity, but if the big wigs that rule the worlds largest companies are not happy they will move their money elsewhere - what can be done to stop this???

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China 'can't be free rider on trade'

China 'can't be free rider on trade' | Unit 4 A2 Macro - The World Economy | Scoop.it
China cannot be a "free rider" when it comes to global trade, the EU's trade commissioner, Karel De Gucht, warns.
Cranbrook Economics's insight:

A very topical Unit 4 trade related article looking at China and the EU - have a read y13!!!

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Sam Dolton's comment, September 7, 2013 5:53 AM
It's strange that we would blame China for such subsidies while the EU is engaging in agricultural subsidies with the CAP, of great magnitude.
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Eurozone to discuss Cyprus bailout

Eurozone to discuss Cyprus bailout | Unit 4 A2 Macro - The World Economy | Scoop.it
Plans to rescue near-bankrupt Cyprus are due to be presented to eurozone finance ministers later on Friday.
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Inside China's most polluted city

As Beijing residents are told to limit time outside because of pollution, some of the 10 million residents in Shinjiazhuang, China's most polluted city, who ...
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Fotheringham's curator insight, March 26, 2013 7:45 AM

Yikes, and our colleagues are up around Shinjiazhuang... yikes.

 

GENA4 2014's curator insight, May 20, 2013 4:38 AM

AQA - context of CHina's economic growth on the UK economy - think about our ethical awareness, social cost in China etc

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Pound under pressure after AAA cut

Pound under pressure after AAA cut | Unit 4 A2 Macro - The World Economy | Scoop.it
The pound remains under pressure in the wake of Moody's downgrading of the UK's top notch AAA credit rating.
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UK and China close to currency deal

UK and China close to currency deal | Unit 4 A2 Macro - The World Economy | Scoop.it
The Bank of England is in negotiations with its Chinese counterpart on a currency-swap deal likely to boost trade between the UK and China in the yuan.
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China overtakes US in world trade

China overtakes US in world trade | Unit 4 A2 Macro - The World Economy | Scoop.it
Combined total for imports and exports of Chinese goods hits $3.87tn, edging past the US for the first time
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Hooray for cheap oil

Hooray for cheap oil | Unit 4 A2 Macro - The World Economy | Scoop.it

Via Geoff Riley
Cranbrook Economics's insight:

Always going to lower costs of production, boost out AS and help firms drive forward with growth. But what about economies who rely on export revenues from Oil? Is this then now going to negatively affect firms that are trying to develop? Always a good commodity to keep an eye on.....

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China: leaving other Brics for dust in new index

China: leaving other Brics for dust in new index | Unit 4 A2 Macro - The World Economy | Scoop.it
beyondbrics, from the Financial Times, brings news and comment from more than 40 emerging economies, headed by China, India, Brazil, Russia, Mexico, Indonesia and South Africa.

Via Mo Tanweer
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Africa 'centre of world growth'

Africa 'centre of world growth' | Unit 4 A2 Macro - The World Economy | Scoop.it
Africa will be an engine for world growth in the coming decades and Japan has to invest more on the continent, Japan's prime minister says.

Via Geoff Riley
Cranbrook Economics's insight:

Globalisation, Aid and Growth in the Third World. A multi-dimensional article on the importance Africa will play in the coming years and the world dusts itself off post financial crisis!!!

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China’s Highly Unequal Economy

China’s Highly Unequal Economy | Unit 4 A2 Macro - The World Economy | Scoop.it
Double-digit growth can’t hide the fact that China’s state-controlled economy is leaving the vast majority of citizens behind.

Via Mo Tanweer
Cranbrook Economics's insight:

Always worth keeping up with what's going on in China. And this little gem puts us in the picture a little by considering how the state continues to keep a firm grip on the economy. Dynamic as there economy may be in terms of investment flows and liberalised goods and labour markets, the state still stand strong in the East, and this looks likely to continue into the immediate future.  

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Stephanie Flanders

Stephanie Flanders | Unit 4 A2 Macro - The World Economy | Scoop.it
Economics editor
Cranbrook Economics's insight:

Year 13 - here is the link to Stephanie Flanders' Cloumn. Well worth looking at on a weekly basis. Subscripe to it and her on Twitter if you can because her topical insight is always relevant and worth reading.

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After the Savar tragedy, time for an international minimum wage

After the Savar tragedy, time for an international minimum wage | Unit 4 A2 Macro - The World Economy | Scoop.it
Muhammad Yunus: Bangladesh's garment industry must be reformed, not destroyed. Let's see foreign buyers unite to lift workers out of 'slave labour'

Via Geoff Riley
Cranbrook Economics's insight:

YEAR 13 - an excellent case study in poverty reduction and unit 4 poverty in general. Have a read!

more...
Geoff Riley's curator insight, May 13, 2013 2:38 AM

The Founder of the Grameen Bank argues the case for an international minimum wage in the garment industry and a small price premium to establish a Garment Workers Welfare Trust in Bangladesh. Lots of micro and macroeconomics in this piece not least the question of price sensitivity of consumers in rich nations. 

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Apple's Tim Cook defends tax claim

Apple's Tim Cook defends tax claim | Unit 4 A2 Macro - The World Economy | Scoop.it
Apple boss Tim Cook defends its tax strategy at a Senate hearing, after the tech giant is accused of being among America's largest tax avoiders.
Cranbrook Economics's insight:

A defendable position?? Should MNC's be able to bully governments and dictate tax policy?? I leave the decision up to you - have a read!

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Japan seeks to join TPP trade talks

Japan seeks to join TPP trade talks | Unit 4 A2 Macro - The World Economy | Scoop.it
Japan says it wants to join the talks on the Trans-Pacific Partnership (TPP), a free trade agreement currently being negotiated among 11 countries.
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Economic muddle of Chavez legacy

Economic muddle of Chavez legacy | Unit 4 A2 Macro - The World Economy | Scoop.it
Venezuela's President Hugo Chavez bequeaths a nation beset by crumbling infrastructure, unsustainable public spending and underperforming industry.
Cranbrook Economics's insight:

A current and interesting case study into the real problems faced by Developing Countries. Venezuela is a classic example of a country that, over the last 14 years under Chavez has struggled economically. Read more about the problems they face, particularly when lead by a ruler intent on ignoring the structural issues facing in the third world. 

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RAC warns on transport poverty

RAC warns on transport poverty | Unit 4 A2 Macro - The World Economy | Scoop.it
The poorest 10% of car-owning households in the UK are spending more than a quarter of their disposable income on buying and running a vehicle, research suggests.
Cranbrook Economics's insight:

Relative Poverty in the UK. Always in the news this time of year with the Budget coming up and very relevant for comparative poverty in unit 4 when looking at the UK. Not a bad one to read guys so have a think about it. 

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UK doubles exports to BRICS since crisis - Telegraph

UK doubles exports to BRICS since crisis - Telegraph | Unit 4 A2 Macro - The World Economy | Scoop.it
British companies have more than doubled their exports to the fastest growing emerging nations since before the crisis in a bid to cash in on the rapid expansion in the developing world.

Via Geoff Riley
Cranbrook Economics's insight:

Year 13 - Very relevant for Edexcel Unit 4; Trade Liberalisation and Trade growth. Have a read. Remember knowledge of case studies is important for this unit. 

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Geoff Riley's curator insight, February 18, 2013 5:22 AM

Much discussion recently about some of the reasons why a strong export-led recovery has (thus far) failed to materialise. But this report is more optimistic and points to a surge in exports to BRIC nations and also the fruits of foreign direct investment in fast-growing countries. How big is the size of the export multplier effect?

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News from the real eurozone

News from the real eurozone | Unit 4 A2 Macro - The World Economy | Scoop.it
The exuberance of recent months might turn out to be well founded, if the fourth quarter of 2012 turns out to be the low-point of Europe's recession.
Cranbrook Economics's insight:

A very brief word on the current situation in the Eurozone. Shrinking again as a group of 17 caps off a very poor 2012. BUT is this the low point that starts the upturn? Will lower borrowing costs across the area as a whole be the start of investment and growth, jobs and consumption? Who knows.... All we can be sure of is that 2013 is going to be a crucial year for breaking the back of this downturn. Because if we can't do it now, after three years of Austerity and Political Resolution to re-establish growth, when is it going to happen?

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