A2 Macroeconomics
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What is inflation? Economics explained

Inflation is one of the most important concepts in economics. It’s also one of the simplest. It’s just the average rate that prices are rising. A small amount of inflation is healthy for an economy - but how is it calculated and what happens when it gets out of control?

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The BREXIT Debate - Study Resources on Britain and the EU | Economics | tutor2u

The BREXIT Debate - Study Resources on Britain and the EU | Economics | tutor2u | A2 Macroeconomics | Scoop.it
This Storify curates resources on the continuing debate over UK membership of the European Union ahead of a planned in/out referendum to be held in either 2016
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Osborne reliant on rising immigration levels to achieve budget surplus

Osborne reliant on rising immigration levels to achieve budget surplus | A2 Macroeconomics | Scoop.it
Guardian analysis shows that without recent upward revisions of net migration numbers, chancellor would not achieve budget surplus by 2019-20
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George Osborne's spending review – our writers' verdict | The panel

George Osborne's spending review – our writers' verdict | The panel | A2 Macroeconomics | Scoop.it
A bare-faced attempt to colonise the political centre ground, a plan that’s full of holes – the panel reacts to Osborne’s speech
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Inequality in the UK: 5% of households have assets in excess of £1.2m, 9% have none

Inequality in the UK: 5% of households have assets in excess of £1.2m, 9% have none | A2 Macroeconomics | Scoop.it
Institute of Fiscal Studies report shows Britain is more unequal country when measured by wealth than by income
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What boosts economic growth? - Agenda - The World Economic Forum

What boosts economic growth? - Agenda - The World Economic Forum | A2 Macroeconomics | Scoop.it
There are a few key areas we should concentrate on to boost economic growth

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BBC World News - Africa Business Report

BBC World News - Africa Business Report | A2 Macroeconomics | Scoop.it
A look at business across the continent.

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Geoff Riley's curator insight, October 18, 2015 10:16 AM

Africa Business Report is one of those resources that is tremendous for A2 students wanting to enrich their understanding of development economics. New stories and features are added each day. Please do have a look and consider adding to your personal learning network.

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More or Less, Foreign Aid: More Harm Than Good?

More or Less, Foreign Aid: More Harm Than Good? | A2 Macroeconomics | Scoop.it
Nobel Prize winning economist professor Angus Deaton on a lifetime measuring inequality.

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Geoff Riley's curator insight, October 20, 2015 5:27 AM

Tim Harford interviews Nobel Prize winning economist professor Angus Deaton about a lifetime measuring inequality (9 minute interview)

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Boosting productivity key for developing economies to close income gap with advanced countries, says OECD Development Centre - OECD

Income levels in most developing and emerging countries will not catch up with advanced economies for many decades without efforts to boost productivity, according to a new report by the OECD Development Centre.


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Geoff Riley's curator insight, October 25, 2015 5:31 AM

This link includes access to a neat infographic which ranks countries according to their productivity.

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What if global development was funded by developing countries' money?

What if global development was funded by developing countries' money? | A2 Macroeconomics | Scoop.it
Increasing bank deposits and investing pension funds differently could reduce developing countries’ reliance on international donors

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Development needed? Just give cash - Tim Harford

Is this the most effective development programme in history?” asks Chris Blattman, a political scientist at Columbia University. He adds, “I think it’s a contender.”


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Geoff Riley's curator insight, November 1, 2015 1:07 PM

A great article to read / print out from Tim Harford on the perennial debate about the effectiveness and value for money of development aid interventions. 

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Bank of England should have seen signs of global economic weakness

Bank of England should have seen signs of global economic weakness | A2 Macroeconomics | Scoop.it
It was obvious interest rates would not rise for some time – and it is concerning that the Bank seems not to have realised this

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Tom Prentis's curator insight, November 7, 2015 4:12 AM

Bank of England seem to not be understanding the economy and are missing obvious things. For example interest rates are not going up. 

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Deindustrialization in Africa: More a marathon than a sprint

Deindustrialization in Africa: More a marathon than a sprint | A2 Macroeconomics | Scoop.it
There is a long road ahead for Africa to emulate East Asia

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Geoff Riley's curator insight, November 8, 2015 3:10 PM

A decade of fast growth driven mainly by rampant commodity price inflation has left many African countries vulnerable to the Chinese economic slowdown. This piece from the Economist is an important article to read not least because of the contextual gold-dust it sprinkles onto an essay on primary product dependency, the natural resource curse and the challenges of achieving sustained industrialisation in a continent where manufacturing provides just over 6% of all jobs (in Asia it is 16%).  The Economist notes that "premature deindustrialisation is not just happening in Africa".

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Calculator: When will you be able to afford to buy a house?

Calculator: When will you be able to afford to buy a house? | A2 Macroeconomics | Scoop.it
Getting on to the property ladder as a first time buyer requires significant savings - our calculator lets you work out if you're on track to buy
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Barriers to Growth and Development: Africa's business tycoons highly corrupt, Transparency says

Barriers to Growth and Development: Africa's business tycoons highly corrupt, Transparency says | A2 Macroeconomics | Scoop.it
Business executives are the most corrupt group in Africa after police officers, and five other interesting findings from a corruption survey.

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Geoff Riley's curator insight, December 1, 2015 4:42 PM

This news will hardly come as a surprise to seasoned students of development economics. But an annual survey of corruption in business by the well regarded Transparency International reveals that corruption rose in Africa over the past year, with about 75 million of people paying bribes over the last year. Botswana Mauritius and Cape Verde on the other hand come out well from the report, with corruption levels on a par with many advanced nations in the European Union. Find more about Transparency International through their website http://www.transparency.org.uk

Geoff Riley's curator insight, December 1, 2015 4:43 PM

This news will hardly come as a surprise to seasoned students of development economics. But an annual survey of corruption in business by the well regarded Transparency International reveals that corruption rose in Africa over the past year, with about 75 million of people paying bribes over the last year. Botswana Mauritius and Cape Verde on the other hand come out well from the report, with corruption levels on a par with many advanced nations in the European Union. Find more about Transparency International through their website http://www.transparency.org.uk

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Power shortages hit the Zambian economy | Economics | tutor2u

Power shortages hit the Zambian economy | Economics | tutor2u | A2 Macroeconomics | Scoop.it
Water shortages are hitting a country highly dependent on hydro-electric power. And a collapsing currency is causing a steep rise in the import price of importe
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Inequality in the UK: 5% of households have assets in excess of £1.2m, 9% have none

Inequality in the UK: 5% of households have assets in excess of £1.2m, 9% have none | A2 Macroeconomics | Scoop.it
Institute of Fiscal Studies report shows Britain is more unequal country when measured by wealth than by income
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Ending Peruvian poverty


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Geoff Riley's curator insight, October 8, 2015 1:58 AM

John Authers reports from the World Bank meetings in Lima on how declining commodity prices are affecting the challenge of poverty reduction in countries such as Peru whose wealth has been highly contingent on high copper prices and the growth of the Chinese economy.

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Croatia just canceled the debts of its poorest citizens

Croatia just canceled the debts of its poorest citizens | A2 Macroeconomics | Scoop.it
"We assess that this measure will be applicable to some 60,000 citizens," Deputy Prime Minister Milanka Opacic was quoted as saying.

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Geoff Riley's curator insight, October 16, 2015 11:21 AM

This is a remarkable policy intervention by the Croatian government. Croatia is a small country - the newest member nation of the European Union. To be eligible for this debt relief, Croats need to fulfill certain criteria: Their debt must be lower than 35,000 kuna ($5,100), and their monthly income should not be higher than 1,250 kuna ($138). Those applying for the scheme are not allowed to own any property or have any savings. What do you feel that this debt jubilee for poor households. Could we even conceive of doing such a thing in the United Kingdom? What would the Daily Mail have to say about it?

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Corruption Across The World Visualised

This chart shows countries and territories ranked on perceived public sector corruption in 2014.

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Geoff Riley's curator insight, October 18, 2015 3:54 PM

Nowhere in the world is free of corruption - the Transparency International annual assessment is just about the most credible rankings we get - and the latest numbers are in.

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Unilateral grant of market economy status to China would put millions of EU jobs at risk

Unilateral grant of market economy status to China would put millions of EU jobs at risk | A2 Macroeconomics | Scoop.it
The European Union is considering whether to formally recognize China as a “market economy,” a move that would fundamentally change the way EU countries handle dumped exports under the World Trade Organization (WTO). With some EU officials reportedly in favor of unilaterally granting market economy status (MES) to China—and with the United States and other countries set to debate the same question—it is useful to examine what the change would mean for the European economy and its workers. According to our analysis, an EU decision to unilaterally grant MES to China would put between 1.7 million and 3.5 million EU jobs at risk by curbing the ability to impose tariffs on dumped goods and thus allowing Chinese companies to undercut domestic production by flooding the EU with cheap goods. Specifically, we project that the increased imports arising from granting MES to China would reduce EU output by between €114.1 billion and €228 billion per year, a 1 percent to 2 percent reduction in EU GDP (relative to base year output in 2011) that translates into 1.7 to 3.5 million potential jobs lost among import-competing industries, their suppliers, and the companies that depend on the wages of displaced workers.

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BBC World Service - The World Debate, Does Mining Benefit Africa?

BBC World Service - The World Debate, Does Mining Benefit Africa? | A2 Macroeconomics | Scoop.it

A debate that is now 4 Can we explain the contradiction between mineral wealth and the poverty of the people?


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Training India's millions of unskilled workers - BBC News

Training India's millions of unskilled workers - BBC News | A2 Macroeconomics | Scoop.it
India's government has just launched a programme to help the country's millions of unskilled workers. It aims to provide skills to 2.4 million young people in its first year.

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Geoff Riley's curator insight, October 30, 2015 3:32 PM
Superb contextual article on the challenges of improving human capital in India.
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Tech hubs across Africa: Which will be the legacy-makers?

Tech hubs across Africa: Which will be the legacy-makers? | A2 Macroeconomics | Scoop.it

One of the key features of the African digital renaissance is that it is increasingly home grown. In other sectors of the African economy, such as mining or agribusiness, much of the know-how is imported and the wealth extracted. But Africa’s 700 million or so mobile subscribers use services that are provided locally, and they are also downloading more applications that are developed locally.


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Geoff Riley's curator insight, November 2, 2015 1:42 AM

Enterprise, human capital, knowledge networks - all part of the growth and development agenda in Sub Saharan Africa.

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Tourism in Africa : Harnessing Tourism for Growth and Improved Livelihoods

Tourism in Africa : Harnessing Tourism for Growth and Improved Livelihoods | A2 Macroeconomics | Scoop.it

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Geoff Riley's curator insight, November 8, 2015 8:04 AM

This 2014 World Bank research report is available as a free pdf download and it offers some handy, timely and relevant case studies in how tourism can act as a driver for growth and development in Africa. 10 key benefits of tourism are identified but there are also useful evaluative sections on the complexities, challenges and risks of investment in tourism as a catalyst for improved human development.