International Economics: IB Economics
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International Economics: IB Economics
Economy
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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Scooped by Graham Watson
March 20, 3:12 AM
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Young people becoming less happy than older generations, research shows | Children | The Guardian

Young people becoming less happy than older generations, research shows | Children | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - March 19, 8:01 PM
America’s top doctor says governments’ failure to better regulate social media is ‘insane’
Graham Watson's insight:

The latest World Happiness Report makes for depressing reading, ironically, with the US Surgeon General, Vivek Murthy suggesting that children's unregulated use of social media has had a marked effect upon their happiness.

 

As a result, whilst the global average level of happiness is broadly stable, that of young people aged 15-24 in the US, Australia and New Zealand has dipped below that of those aged 25+. 

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Scooped by Graham Watson
March 28, 2019 3:38 AM
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How happy is your country? | The Economist

From www.youtube.com - March 26, 2019 7:00 PM

Money doesn't buy happiness—or does it? In both India and China people have become richer in the past decade, but global data reveal that greater wealth does not necessarily lead to greater happiness.

Graham Watson's insight:

The Economist looks at whether or not greater wealth leads to greater happiness, looking at the latest World Happiness Report. Its conclusion? Well, I'll give you a clue - the Beatles might have gone some way towards identifying the relationship. 

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Stephen Napoli's curator insight, March 29, 2019 3:48 PM
Some say money can bring happiness. And though that does seem to be a logical conclusion, growing incomes in 1/3 of the world have been followed by a decrease in overall life "happiness levels"
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Scooped by Graham Watson
October 11, 2022 3:06 AM
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Liz Truss dreams of growth – but even if she pulls it off, it won’t help Britain | Michael Jacobs | The Guardian

Liz Truss dreams of growth – but even if she pulls it off, it won’t help Britain | Michael Jacobs | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - October 10, 2022 12:07 PM
Incomes have stalled while the rich get richer. It’s clear the obsession with GDP has to change, says the University of Sheffield’s Michael Jacobs
Graham Watson's insight:

The current pro-growth agenda and the policymaking farrago that has accompanied it are discussed here, with the author being of the view that in focusing on the detail we're missing the bigger picture, which is that the use of GDP as a measure of economic well-being.

 

He argues that it omits many aspects of life such as sustainability and the distribution of income and wealth which have vital roles to play in determining individuals' satisfaction. 

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Scooped by Graham Watson
February 8, 2019 1:30 PM
Scoop.it!

Finland basic income trial left people 'happier but jobless'

Finland basic income trial left people 'happier but jobless' | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - February 8, 2019 9:36 AM
Although people ended up happier, the government hoped it would help the unemployed to find work.
Graham Watson's insight:

The video clip associated with this story has been on the BBC website for about a week - so the underyling message here has been doing the rounds. The Finns have run a two year experiment, running a basic income trial.

 

And as the headline says: it left people happier but jobless. So in these circumstances, it has been abandoned. I think we'd all be happier if in receipt of a basic income.

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