International Economics: IB Economics
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International Economics: IB Economics
A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by Graham Watson
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Bye-bye to the Big Mac: Russia’s war heralds a dark, isolated economic era | Global economy | The Guardian

Bye-bye to the Big Mac: Russia’s war heralds a dark, isolated economic era | Global economy | The Guardian | International Economics: IB Economics | Scoop.it
The invasion of Ukraine could pitch Moscow, and the world, back into financial crises that had seemed part of history
Graham Watson's insight:

This Observer article looks at what the future is likely to have in store for the Russian economy, and the consensus view is not good. Indeed, some are characterising the future for Russia as being "back to the USSR" - with limited or no access to Western goods for consumers, and from a producer point of view, a petroeconomy with an oversized military sector. 

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Coronavirus: Western economies slow to react to crisis, says leading economist

Coronavirus: Western economies slow to react to crisis, says leading economist | International Economics: IB Economics | Scoop.it
A top economist says western economies can learn from Asia as they face a severe economic downturn.
Graham Watson's insight:

Raguram Rajan, who's CV includes spells as former chief economist at the IMF and Governor of the Indian Central Bank, has argued that the West has been slow to repsond to coronavirus, in comparison with places like Singapore and South Korea.

 

And he may have a point, and he does have a platform: but earth-shattering these observations aren't. 

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