One of the issues that we have come across during our study of promoting equity as a macroeconomic goal is that of poverty. This is something that we will be looking at in more detail during the development economics section of the course in Year 13. At this point it is important to be able to …
One of the major issues facing the developing world is the debt crisis. It was an issue that was brought to the attention of people during the Jubliee 2000 debt campaign and again during the 2005 Make Poverty History campaign. It still remains a major problem facing countries in teh developing world and an area …
We have already seen the short animation produced by The Girl Effect, and below is a newer short animation that has been produced. There have also been a number of more recent news articles relating to gender inequality and empowering women to aid development. The BBC has a slideshow narrated by an 18 year old …
William Kamkwamba is a Malawian boy, who at the age of 14 built a windmill to power his family’s home. This is not only an inspirational story of a young boy who was proactive in helping his family to try to escape poverty and hunger, but also a great example of appropriate technology being used …
When we are looking at economic development, one of barriers we look at is gender inequality, and how improvements for females in terms of health, education etc. can lead to a multiplied effect over time. This can be a major driver of economic development and is now something that is looking to be improved upon. …
The Grameen Bank was established by Mohammad Yunus, and pioneered the idea of microfinance. The Bangladeshi government and Prof. Yunus are currently having an argument which may result in him being sacked. Many people think that microfinance has been an important way of encouraging development, but it has also come in for a certain amount …
At the moment in Malawi they are arguing about whether or ‘passing wind’ should be banned. Some of those in the government are effectively claiming that it is a form of market failure, and as such are proposing government legislation as a solution to this. The questions then arise as to how this could be …
In Economics there are many terms which you need to learn, understand and be able to define. In our classroom there are many of these terms in posters on the wall. Below are the posters in pdf form at A4 size. Introductory Economics Microeconomics Macroeconomics International trade Theory of the firm (Higher level only) Clicking …
One solution that is proposed for solving market failure, and in particular a negative externality of production, is that of a system of tradable permits. This is something that has gathered some momentum as a result of the Copenhagen conference. One system that can be used is a market for ‘permits to pollute’ where firms …
This video is a good explanation of the potential impacts of trade upon the developing world and the policies of organisations such as the IMF and World Bank. Remember that it is important to have case study examples for the exam. Please upgrade your browser