Economic Interactions & Flows
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1. INTRO TO CAPITAL FLOWS: OFFICIAL DEVELOPMENT ASSISTANCE
1a. Transfer of Capital: Introduction (ODA) Powerpoint Evaluate ODA economic flows, making informed decisions about which countries and sectors are most likely to influence movement 1b. Compare Country ODA Statistics: OECD Website (Link) - Decide whether your countries are likely to be donors or recipients Click on the corresponding tab "donor view" or "recipient view" - At the bottom of the page, click on "switch to country buttons" - Find your country, locate major donors and types of aid. 1c. Worksheet on Capital Flows; Complete Brief Overview of All Flows 1d. Debt Relief for HIPCs Article: What is it, why does it matter? Summarize the reasons behind its creation, its purpose, and the key players. Research one or two examples of the debt burden on HIPCs. 1e. Listen to the Podcasts Below and Answer Questions on the Podcast Response Worksheet a) Planet Money: "In Somalia, Collecting People for Profit" b) Planet Money: "When a Poor Country Gets a Lot Richer" 2. CAPITAL FLOWS AND CORE VS. PERIPHERY 2a. Capital Flows Overview Powerpoint Examine the 'accepted' definitions of core and periphery; including their changing relevance in our modern, globalized world. 2b. Rostow's Model Of Development: More Information Backgroung information for further reading. 2c. Rostow's Model of Development According to other IB Kids (<----- Terrible But Informative Youtube Video) |
3. CAPITAL FLOWS pt. 2: FDI, REMITTANCES & PROFIT REPATRIATION
3a. Capital Flows Pt. 2 PPT Key Terms: Protectionism, Free Trade, Neoliberalism, Neocolonialism, Terms of Trade, Trade Deficit, Trade Surplus 3b. Using the overviews and examples below, provide a summary on each of the following capital flows, share with classmates. - FDI Overview / FDI Example: Bahamas & China - Loans & Debt Overview / Debt Example: WB/IMF Debt Relief - Remittances Overview / Remittances Example: Africa Continent 3c. Additional Reading: The Hawala Remittance System and It's Role in Money Laundering 3d. Additional Videographic: The Economist Migration and Remittances |
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4. INFLUENCE OF INTERNATIONAL INSTITUTIONS ON CAPITAL FLOWS
4a. The International Economic Institutions PPT 4b. More information on each organization below a) The World Trade Organization b) The International Monetary Fund c) The World Bank 4c. Should the Bahamas Join the WTO? Worksheet Complete the task on the worksheet. Use additional articles from the Bahamas Government and the Bahamas Tribune 4d. Videos: Why We Have to Rethink Our International Institutions! |
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4e. The Positives & Negatives of International Institutions (Student Research):
Positive Arguments:
- "My article shows 5 european countries that were saved from bankruptcy by the International Monetary Fund. So it explains how countries (Cyprus, Portugal, Ireland, Spain, and Greece) that had a major economic crises were saved from falling into bankruptcy thanks to the money given by the IMF. however the article also states that these countries did not really improve, they just stayed at where they were and stopped “falling”
- "The International Monetary Fund intervened in the Jamaican economy in order stabilize its economy given that they had a 0.3% economic growth. After the IMF gave out a USD116 million loan, there was a 1.5% recovery in economic growth between January and June of 2015. Although a loan from the IMF might not necessarily lead directly to a reduction of poverty, in most of the cases (including Jamaica), there was a positive increase in economic growth. In the long run, an increase in economic growth will potentially lead to a reduction in poverty."
- "Following a review of Vietnam’s economic progression since its admission to the World Trade Organisation (WTO) one year ago, many leading economic managers and experts agree the impact has been positive. Fetching US $39 billion from exports over the past ten months of this year, Vietnam’s total export revenue is estimated to reach US $48 billion for 2007, a year-on-year increase of over 20%. The Asian Development Bank (ADB) forecasted that Vietnam is likely to reach a GDP growth rate of 8.3% this year and the figure may reach 8.5% in 2008 if the country continues with its global economic integration, encourages foreign investment and keeps reforming."
- "The article argues countries who have taken substantial reforms from the World Trade Organization have experienced a 2.5% faster economical growth. The report also shows how trade contributed significantly to the unprecedented economic development that has taken place since 2000."
Negative Arguments:
- "The International Monetary Fund is mostly hurting poor countries. Their financial aid is said to be unnecessary and is only causing harm to poorer countries such as Latvia and Pakistan. It can be shown through Latvia's GDP that dropped by 18% due to the imposing of unnecessary harmful conditions on borrowing countries. These conditions are said to reduce output and employment in situations where the countries economy were already crashing..."
- "The World Bank now has the authority to comment on policies of soverign nations, saying that a trend of negative interest rates are a weakness for lenders (ie: the World Bank Organisation). The World Bank had downgraded its 2016 global growth from 2.5 to 2.9 percent , arguing that the global economy is becoming relatively fragile. The World Bank's biggest shareholders are the USA and Japan and comments such as these are controversial as the World Bank has a vested interest."
- World Bank decision-making is profoundly undemocratic, favoring elite interests within wealthy nations. According to both internal and external observers, the neoliberal policies advocated by the Bank and its sister institutions beginning in the 1980s have provoked or worsened dire economic conditions—and the attendant health effects, such as increased rates of malaria, HIV/AIDS, and tuberculosis—in much of the developing world.
5. LABOUR FLOWS
5a. Labour Flows Quick Powerpoint: 5b. Mexico and USA Labour Flows Overview
"More non-Mexicans than Mexicans were apprehended at U.S. borders in 2014, the first time on record this has happened. In fiscal 2014, 229,178 Mexicans were apprehended, a sharp drop from a peak of 1.6 million apprehended in 2000. The decline in apprehensions reflects the decrease in number of unauthorized Mexican immigrants coming to the U.S." ~ Pew Research Center (FactTank)
6. ICT & OUTSOURCING 6a. Globalization: Crash Course Video Nice and FAST video about how globalization has been motivated by the growth in the Information and Communications & Tech Sectors 6b. ICT in Outsourcing Worksheet (use examples below) Use your textbook 350-352 and the evidence below. 6c. Evidence: Use the following websites to complete the worksheet above and as your case study evidence for the IB practice question. a) Outsourcing to Africa (The Economist), b) A Star on The Rise - The South African BPO Industry & c) Designed in Cali Manufactured in China (Apple Blog) d) Global Trends Deepen Income Inequality |
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