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onto International Economics: IB Economics

April 2, 7:11 AM

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From www.theguardian.com - April 1, 7:01 PM

Graham Watson's insight:

Oxfam reckons that the super-rich have engaged in tax avoidance to the extent that they've concealed $3.55 trillion in potential tax revenues from global governments. My view? Name and shame. We shouldn't admire these people.

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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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Scooped by Graham Watson

April 5, 10:27 AM

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Higher energy costs from Iran war could threaten fragile economics of AI boom | Heather Stewart | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - April 5, 6:38 AM

Graham Watson's insight:

The unintended consequences of the Iran conflict are going to extend far and wide; in this case, Heather Stewart looks at the implications of higher energy prices for the nascent AI revolution. She observes that higher energy costs might discourage firms from investing in AI because of the associated costs and make it less likely to justify the current valuations of AI-related firms.

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April 5, 4:16 AM

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From www.bbc.co.uk - April 3, 8:44 AM

Graham Watson's insight:

The push-me, pull-me nature of the US economy is revealed again in the latest labour market data that highlights both higher than expected job creation and a marginal fall in unemployment.

It will be interesting to see if this sustained in the weeks ahead.

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April 3, 2:44 AM

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‘Food security timebomb’: a visual guide to the Gulf fertiliser blockade | Strait of Hormuz | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - April 2, 11:00 PM

Graham Watson's insight:

And here's a very visual explanation of the impact of the supply-side shock on the market for fertiliser and, by implication, food security, across the world, with those countries most dependent upon the Gulf states for fertiliser, the most vulnerable, such as Sri Lanka, Pakistan and Tanzania.

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April 3, 2:21 AM

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From www.bbc.co.uk - April 2, 5:11 PM

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The intention of President Trump's tariffs is laid bare with these proposed 100% tariffs on pharmaceuticals designed to encourage pharmaceutical companies to invest in American manufacturing facilities.

Otherwise, patented medicines will face a 100% tariff, unless they commit to build a manufacturing base in the US by the end of January 2029. Will this induce them to invest into the US?

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April 2, 7:11 AM

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From www.theguardian.com - April 1, 7:01 PM

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April 2, 6:57 AM

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From www.bbc.co.uk - April 2, 12:43 AM

Graham Watson's insight:

A year on from "Liberation Day" this BBC article looks at how President Trump's tariffs have affected the global economy. In short, they've only had damaging effects: changing trade relations between nations and raising prices for consumers, not least in the US.

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March 27, 4:14 AM

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From www.bbc.co.uk - March 27, 12:43 AM

Graham Watson's insight:

From 12,000 miles away it looks like Australia is starting to feel the pinch when it comes to fuel, with shortages being reported and fuel prices rising. According to the article "The average retail price of petrol reached 238 Australian cents ($1.64; £1.23) a litre as of Sunday compared to 171 cents four weeks earlier, according to the Australian Institute of Petroleum".

It seems that independent petrol retailers are the ones suffering because they don't have long-term contracts with suppliers.

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March 24, 4:21 AM

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From www.bbc.co.uk - March 23, 11:46 PM

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The signing of an EU-Australia trade deal is going to remove many tariffs on agricultural goods, although red meat will still be subject to a 30,000 tonne quota - up from less than 4,000 tonnes today.

The hope is that it will cheapen food for consumers in both economies and offer them greater choice, although the naming of some Australian produce, manufactured by European migrants, such as prosecco, will need to be phased out over time.

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March 23, 8:20 AM

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Energy shock talk grabs headlines but the Iran war is also driving the world towards a food crisis | Heather Stewart | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 22, 8:53 AM

Graham Watson's insight:

Heather Stewart highlights the risks to the global food supply as the result of the ongoing Iran war, with supply chain disruption likely to see shortages and, inevitably, higher prices for food. In this article she highlights the fate of Tanzania avocado farmers who face the prospect of being unable to get their harvest to the developed world.

Additionally, food costs in these economies are also going to rise, with local reports suggesting that they've already gone up by 20% in Somalia.

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March 23, 4:28 AM

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Iran war energy crisis equal to 70s twin oil shocks and fallout from Ukraine war, says IEA chief | US-Israel war on Iran | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 23, 1:04 AM

Graham Watson's insight:

Are we under-estimating the effect of the supply-side shock generated by the Iran war? Certainly the head of the International Energy Agency thinks so.

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March 22, 4:35 AM

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‘The stakes are enormous’: how a prolonged Iran war could shock the global economy | Global economy | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 22, 2:00 AM

Graham Watson's insight:

The global implications of a major supply-side shock. Discuss.

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March 21, 6:01 AM

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From www.theguardian.com - March 20, 4:04 PM

Graham Watson's insight:

A weekend round-up of all the ways that governments are trying to mitigate the effects of the conflict in Iran: restaurant closures, petrol rationing, changes in the working week and so on.

An interesting set of examples of the impact of a supply-side shock - you might note that the developed economies are more resilient than their developing counterparts, and work out both why that is and what its implications are.

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March 20, 4:41 AM

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From www.bbc.co.uk - March 19, 8:08 PM

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Crikey! And there's more.

This time the BBC are looking at the distributional effects of the current Middle East conflict, noting that oil producers and renewable energy producers are the beneficiaries and that net oil importers are the losers. Them and the people responsible for starting this conflict in the first place who are heavily invested in the Middle East.

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April 5, 4:37 AM

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From www.youtube.com - March 31, 7:00 AM

Graham Watson's insight:

This World Bank Group clip looks at the role of the International Development Agency in providing development finance, with a particular focus on mythbusting - emphasizing its importance and highlighting the fact that the recipient countries drive the process, selecting the development strategies suitable for them, and the absence of conditionality.

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April 3, 6:47 AM

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From www.theguardian.com - April 3, 6:00 AM

Graham Watson's insight:

This Guardian piece looks at the impact of the Iran conflict on the US, via its effect on the oil price. The notion that the US has energy independence is explored, and whilst it's true that the US imports relatively little oil and natural gas from the Persian Gulf, it is also true that the globally-determined oil price has significant distributional consequences, in benefitting producers at the expense of consumers.

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April 3, 2:30 AM

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How could strait of Hormuz closure affect UK food and medicine supplies? | Strait of Hormuz | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - April 2, 10:07 AM

Graham Watson's insight:

What are the wider implications of the closure of the Strait of Hormuz for the global economy. This article highlights two key sectors - food and medicine - and a number of scenarios: a two-week closure, a six-week closure and, potentially, six-month closure.

None of the scenarios are good - but the prospect of a six-month closure really isn't good.

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April 2, 7:13 AM

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A third inflationary shock in less than a decade is coming: who will pay the price this time around? | Aditya Chakrabortty | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - April 1, 1:54 PM

Graham Watson's insight:

Another article highlighting the distributional implications of the ongoing Iran war: in short, higher inflation is going to affect us all, but the poor are going to bear the burden to the greatest degree. 'Twas ever thus.

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April 2, 7:08 AM

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‘If he’d stayed on the golf course, we’d be in a better place’: experts on Trump’s tariffs, one year on | Tariffs | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - April 2, 6:00 AM

Graham Watson's insight:

The Guardian with a pretty blunt opinion on the impact of President Trump's tariffs. And well-deserved too.

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March 27, 4:25 AM

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From www.bbc.co.uk - March 26, 9:25 PM

Graham Watson's insight:

This BBC Verify clip looks at the wider ramifications of the shutting of the Strait of Hormuz to global supply chains, identifying sectors other than oil and natural gas that will be affected by the ongoing hiatus. It identifies four important areas of concern: fertiliser, helium, petrochemical derivatives - important for pharmaceutical manufacture, and sulphur as areas where there's significant supply chain disruption.

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March 26, 4:28 AM

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From www.youtube.com - March 25, 10:01 AM

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This BBC clip looks at how the ongoing energy crisis is affecting the Philippines, where the country imports 98% of its oil from the Gulf. The economy was the first country to impose emergency measures, although there are already fuel shortages in the economy.

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March 23, 8:25 AM

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The Guardian view on aid cuts: Britain championed development funding – its meanness is shortsighted | Editorial | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 22, 1:30 PM

Graham Watson's insight:

This editorial bemoans the decision by the government to cut its aid budget by 40%, albeit it's something that's common to G7 nations, with this year's aid spending being 28% lower than in 2024.

In the case of the UK, the government are seeking to portray a trade-off between aid and defence spending, arguing that cutting the former allows us to increase the latter. Bilateral aid to Africa, for example, is going to be cut by nearly 60% and in doing so, we risk squandering Britain's status as a global power.

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March 23, 8:13 AM

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Far more countries face critical food insecurity if world heats up by 2C, analysis shows | Climate crisis | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 23, 7:00 AM

Graham Watson's insight:

Analysis by the International Institute for Environment and Development (IIED) suggests that the greatest threats from climate change are going to hit low-income countries hardest, with the prospect of a 2 degree increase in the average global temperature having serious implications for food security in many of them. The think-tank has gone as far as to create a Food Security Index to detail the vulnerability of these economies in this regard. develop

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March 23, 4:26 AM

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From www.bbc.co.uk - March 22, 8:03 PM

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Germany faces a demographic crisis: an ageing population and a declining labour force. However, this BBC article highlights one way that this could be tackled - by recruiting Indian workers. Initially, this was to fill butcher's apprenticeships but it's broadened as Germany has increased the skilled work visa quota for Indians from 20,000 a year to 90,000 per year.

As a result of this change, and clever recruitment, the number of Indian workers in Germany has increased from 23,320 back in 2015 to 136,670 today.

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March 21, 6:04 AM

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China has been preparing for a global energy crisis for years. It is paying off now | China | The Guardian | International Economics: IB Economics | Scoop.it

From www.theguardian.com - March 19, 9:14 PM

Graham Watson's insight:

And the one economy that's largely unaffected by the Iran conflict? China. Not only does it have extensive fossil fuel reserves but its diversification into renewable energy, and the roll out of massive solar and wind power generating capacity means that the well-thought out actions of President Trump many, once again, prove to benefit China more than the United States.

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March 21, 2:50 AM

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From www.youtube.com - March 20, 9:01 AM

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I think I've 'scooped' something similar to this before but you might have heard of the World Economic Forum but wondered about what it does. This clip - propaganda - if you like - looks at what WEF has achieved. There are plenty of grandiose claims but very few specific examples of where the World Economic Forum has made a difference. It's current focii are fostering inclusive growth, accelerating responsible innovation and making economies more resilient.

You are likely to know it because of the prominence of its annual Davos meeting held early in the year.

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International Economics: IB Economics

Higher energy costs from Iran war could threaten fragile economics of AI boom | Heather Stewart | The Guardian

US jobs surge unexpectedly in March despite Iran war

‘Food security timebomb’: a visual guide to the Gulf fertiliser blockade | Strait of Hormuz | The Guardian

Pharmaceuticals face 100% tariffs in US - unless they have a deal

Global super-rich may have hidden $3.55tn from tax officials, says Oxfam | Tax havens | The Guardian

A year on: Four ways Trump's tariffs have changed the global economy

Australia fuel crisis: Panic buying prompts PM to reassure nation over fuel supply

More Australian beef headed for Europe under new trade deal

Energy shock talk grabs headlines but the Iran war is also driving the world towards a food crisis | Heather Stewart | The Guardian

Iran war energy crisis equal to 70s twin oil shocks and fallout from Ukraine war, says IEA chief | US-Israel war on Iran | The Guardian

‘The stakes are enormous’: how a prolonged Iran war could shock the global economy | Global economy | The Guardian

How the Iran war has sent shocks rippling across the globe | US-Israel war on Iran | The Guardian

The global winners and losers of the war in Iran

IDA Mythbusters: Separating Fact from Fiction in Development Finance

How sheltered really is the US from the Gulf oil supply crisis? | US-Israel war on Iran | The Guardian

How could strait of Hormuz closure affect UK food and medicine supplies? | Strait of Hormuz | The Guardian

A third inflationary shock in less than a decade is coming: who will pay the price this time around? | Aditya Chakrabortty | The Guardian

‘If he’d stayed on the golf course, we’d be in a better place’: experts on Trump’s tariffs, one year on | Tariffs | The Guardian

Beyond oil: The crucial exports blocked by Hormuz closure

How is the Philippines reacting to its energy emergency | BBC News

The Guardian view on aid cuts: Britain championed development funding – its meanness is shortsighted | Editorial | The Guardian

Far more countries face critical food insecurity if world heats up by 2C, analysis shows | Climate crisis | The Guardian

Germany turns to Indian workers to help solve labour shortage

China has been preparing for a global energy crisis for years. It is paying off now | China | The Guardian

Who Is The World Economic Forum?