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onto International Economics: IB Economics

February 10, 4:00 AM

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From www.bbc.co.uk - February 9, 9:34 PM

Graham Watson's insight:

If the data in this article is correct, it strikes me as remarkable that the US is renegotiating every 1% cut in tariffs with an economy like Bangladesh like this. However, it seems that the South Asian country has negotiated some tariff exemptions, promised to use more US made textiles in its garments and seen the tariff on textile exports to the US cut from 20% to 19%. The equivalent tariff on Indian exports is 18%.

Are we going to see them negotiated down percentage point by percentage point?

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Economy

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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March 19, 3:01 PM

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From www.youtube.com - March 18, 1:37 PM

Graham Watson's insight:

Another clip looking at the new World Bank Group Scorecard, highlighting how it it attempting to capture all elements of development stories - both the quantitative and qualitative aspects of development. This clip looks at three different examples - Kenya, Jordan and Colombia helping young people to get jobs, increase female participation and fund improvements in healthcare.

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March 18, 4:16 AM

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From www.youtube.com - March 17, 2:18 PM

Graham Watson's insight:

The importance of finance for development is set out in this International Finance Corporation clip which emphasises the importance of financial markets for sustainable development. In the case of Egypt, this means the issuing of green bonds to support development and achieve climate change targets.

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March 17, 3:13 AM

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‘If we have to change tack, we will’: RBA hikes rates but not aiming to put Australia into recession, Bullock says | Reserve Bank of Australia | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 17, 3:04 AM

Graham Watson's insight:

The first monetary policy response to the Iran conflict? Either way, the Reserve Bank of Australia has raised its cash interest rate target to 4.1%, taking interest rates back to where they were in February 2025.

However, if you read the accompanying article - which I know you will - you'll actually find that the RBA governor was intending to increase rates even prior to recent events because inflation was "already too high". You might want to refresh your understanding of how the monetary transmission mechanism will translate the change in rates into changes in real variables.

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March 16, 11:59 AM

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Africa particularly vulnerable as Iran conflict disrupts supply chains, say experts | Africa | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 16, 8:03 AM

Graham Watson's insight:

As ever, it seems that some of the world's most vulnerable are going to suffer the most as a result of the ongoing conflict in the Middle East. African farmers are heavily dependent upon fertiliser being imported via the Strait of Hormuz, so any lengthy blockage of that waterway will have severe implications for agricultural productivity and food security.

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March 16, 3:22 AM

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Oil prices rise after Trump claims US ‘totally demolished’ Iran’s Kharg Island export hub | US-Israel war on Iran | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 15, 8:13 PM

Graham Watson's insight:

I could put this in the Microeconomic section and sell it as D&S, however, I'll leave it here. You could be forgiven for thinking that there was no overarching strategy governing the recent intervention in Iran.

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March 15, 5:31 AM

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From www.theguardian.com - March 14, 9:04 AM

Graham Watson's insight:

Germany has missed some of its climate change targets, with greenhouse gases only falling by 0.1% last year. However, it's an interesting issue - wouldn't we expect there to be diminishing marginal returns to environmental reforms?

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March 13, 4:52 PM

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From www.theguardian.com - March 13, 7:00 AM

Graham Watson's insight:

Well, I never. A Harris Poll finds that Americans of all hues think that Trump's tariffs have increased prices for consumers, albeit Republican are less willing to do so, with 72% thinking they've had a negative impact.

The other 28% are, presumably, not Economics students. Or morons. Or both.

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March 13, 4:20 AM

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From www.bbc.co.uk - March 12, 10:50 PM

Graham Watson's insight:

I know what the US is hoping the relaxation of sanctions against Russia is going to achieve - an increase in the supply of Russian oil - and lower global oil prices. However, I'm not sure that it's the wisest move in that in signals that the US foreign policy has no ethical basis, and is driven almost exclusively by economic imperatives.

However, more D&S, AD-AS analysis possible...

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March 12, 10:12 AM

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From www.theguardian.com - March 12, 8:00 AM

Graham Watson's insight:

Robert Reich touches upon the opportunity cost of the war with Iran, apparently costing "roughly $1bn per day, or $41,666,667 per hour, $11,574 per second.

He argues that the longer-term political cost of this might be much higher.

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March 12, 4:34 AM

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Asia scrambles to confront energy crisis unleashed by Iran war – with no end in sight | US-Israel war on Iran | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 11, 11:40 PM

Graham Watson's insight:

A quick look at government interventions across Asia to mitigate the effects of higher oil prices as a result of the Iran conflict. Everything from price controls, rationing fuel a shorter working week and encouraging working from home.

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March 11, 4:09 AM

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From www.bbc.co.uk - March 10, 6:02 PM

Graham Watson's insight:

More on Iran, and, surprise, surprise, its about cost increase being passed onto consumers. Elementary AD-AS analysis, I would think.

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March 10, 4:19 AM

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How high could oil prices go – and what might the global economic fallout be? | Economics | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 9, 2:35 PM

Graham Watson's insight:

How high could oil prices go? And what are the implications of this. More on the conflict in the Middle East.

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March 10, 4:14 AM

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From www.bbc.co.uk - March 9, 5:44 PM

Graham Watson's insight:

Yet another article on the wider macroeconomic implications of the Iran conflict. The usual themes emerge: supply-side shock with significant ramifications for almost every sector of industry.

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March 18, 4:25 AM

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Isolated and exposed: can New Zealand’s fragile economic recovery withstand the global oil shock? | New Zealand | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 17, 8:57 PM

Graham Watson's insight:

It's always interesting to read about another economy facing the same problems that we are. In this case it's New Zealand, which was forecast to grow this year but, because it's so heavily dependent upon global trade and tourism, there are concerns that the Middle East conflict could stall growth, and its size makes it more vulnerable than most to supply-side shocks such as this.

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March 17, 3:22 AM

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From www.youtube.com - March 16, 4:33 PM

Graham Watson's insight:

Another little snippet looking at how the World Bank Group's Scorecard is going to be used to track the difference between Results Achieved and Results Expected outcomes, to inform policy decisions. It will track diverse indicators such as connection to the internet, access to clean drinking water and the learning outcomes of students, all things that imply a higher level of development.

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March 17, 3:09 AM

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From www.theguardian.com - March 17, 2:00 AM

Graham Watson's insight:

More on the Iran conflict, with the Guardian focusing on the implications of higher oil and energy prices for energy-intensive industries, like chemicals and steel, and by definition, inflation more generally.

In short, not good.

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March 16, 3:23 AM

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Trump claims he has ‘absolute right’ to impose new tariffs after supreme court blow | Trump tariffs | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 16, 1:09 AM

Graham Watson's insight:

Madman howls at the moon.

Or something to that effect, as President Trump has again used social media to criticize the Supreme Court and push his tariff agenda.

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March 15, 11:30 AM

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From www.theguardian.com - March 15, 7:00 AM

Graham Watson's insight:

Steven Greenhouse writes in the Guardian arguing that there needs to be a concerted attempt to curb the power of the nation's billionaires, arguing that the select group of 900 has too much influence on policymaking, not least in the form of the tax cuts delivered by President Trump's Big Beautiful Bill.

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March 14, 2:52 AM

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From www.youtube.com - March 13, 11:47 AM

Graham Watson's insight:

I've never seen development presented like this before, and you'd have thought I would have been aware of the World Bank Group's Scorecard, but I'm not. Its purpose is to track the Bank's ability to assist poverty reduction and shared prosperity - which to me strikes me as giving good insights into development and the challenges to development that remain.

There are four aspects to the measure - vision indicators, client context indicators, results indicators, results narratives - all of which underscore the multl-faceted nature of economic development and the extent to which the World Bank is helping overcome them.

And it's available here: Measuring Impact | World Bank Group Scorecard

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March 13, 2:02 PM

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From www.bbc.co.uk - March 13, 1:16 PM

Graham Watson's insight:

Any excuse for further tariffs - it seems the US is now pretending that many of its trade partners gain unfair cost advantages because of forced labour. Has it really come to this?

The answer, alas, is yes.

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March 12, 1:25 PM

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Middle East war creating ‘largest supply disruption in the history of oil markets’ | Oil | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 12, 1:14 PM

Graham Watson's insight:

The largest supply disruption in the history of oil markets: you read it here first.

A supply-side shock to end all supply-side shocks.

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March 12, 10:06 AM

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From www.bbc.co.uk - March 12, 8:04 AM

Graham Watson's insight:

You could be forgiven for thinking that the media have done the US-Iran war to death, and you'd be right. However, if you crave more, here's consideration of the global dependence upon fossil fuels in the fact of the supply-side shock.

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March 12, 4:19 AM

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From www.bbc.co.uk - March 11, 8:24 PM

Graham Watson's insight:

The notion that the US is investigating the trade practices of some of its most important trade partners shouldn't be surprising in the current environment. However, you should be cautious about the phrase "unfair practices": does simply being able to produce at a lower price imply "unfair practices"?

It's clearly an attempt to justify more tariffs, but I'd argue that it's liable to impose an even higher burden on US consumers and have little effect on America's trade deficit.

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March 11, 4:07 AM

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From www.bbc.co.uk - March 10, 7:33 PM

Graham Watson's insight:

The policy decisions resulting from this year's Two Sessions and embodied in the 15th Five Year Plan seem to mark a departure from China's previous strategy of export-led growth.

Keen to stabilize the economy and offset the negative effect of the stagnant property market on growth, China's leadership are going to focus on encouraging domestic consumption, something that they've been talking about for over a decade.

This BBC article looks at whether or not this is going to be successful or not, and also concludes by suggesting that China still has significant structural issues to tackle, not least its ageing population.

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March 10, 4:17 AM

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From www.bbc.co.uk - March 10, 2:16 AM

Graham Watson's insight:

So much for President Trump's tariffs damaging the Chinese economy, with Chinese exports surging in the first two months of 2026, meaning that China's trade surplus is likely to grow again.

And yes, whilst exports to the US have fallen by around 10%, exports to the EU and to ASEAN member states are both up by nearly 30%.

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International Economics: IB Economics

How Results Narratives Capture Development Impact Beyond Financing | World Bank Group Scorecard

Egypt 30by30: Mobilizing Finance for Smart, Resilient Growth

‘If we have to change tack, we will’: RBA hikes rates but not aiming to put Australia into recession, Bullock says | Reserve Bank of Australia | The Guardian

Africa particularly vulnerable as Iran conflict disrupts supply chains, say experts | Africa | The Guardian

Oil prices rise after Trump claims US ‘totally demolished’ Iran’s Kharg Island export hub | US-Israel war on Iran | The Guardian

Germany misses climate targets as emissions barely fall in 2025 | Germany | The Guardian

Seven in 10 Americans say Trump tariffs have cost them more money | Trump tariffs | The Guardian

US eases Russia oil sanctions as Iran war pushes up energy prices

The war in Iran is an American failure. What do we do now? | Robert Reich | The Guardian

Asia scrambles to confront energy crisis unleashed by Iran war – with no end in sight | US-Israel war on Iran | The Guardian

Iran war cost will be passed to consumers, shipping giant boss tells BBC

How high could oil prices go – and what might the global economic fallout be? | Economics | The Guardian

Why the price of oil matters more than you might think

Isolated and exposed: can New Zealand’s fragile economic recovery withstand the global oil shock? | New Zealand | The Guardian

How the World Bank Group Measures What Really Matters: Results Achieved vs. Expected

‘Very damaging’: how the Iran war is hitting energy-intensive industries | Business | The Guardian

Trump claims he has ‘absolute right’ to impose new tariffs after supreme court blow | Trump tariffs | The Guardian

America needs a movement to curb billionaires’ power | Steven Greenhouse | The Guardian

Inside the WBG Scorecard: Measuring Progress to End Poverty

Second US trade probe targets EU, Canada and UK over forced labour

Middle East war creating ‘largest supply disruption in the history of oil markets’ | Oil | The Guardian

How Iran war laid bare the world's reliance on Gulf oil and gas

US launches probe into trading partners including the EU, China and India

China Two Sessions: Will China's new plan to boost spending work?

China exports surge in first two months of the year despite Trump tariffs