International Economics: IB Economics
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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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Here’s how rocketing rents and unaffordable house prices can be fixed | Leilani Farha | The Guardian

Here’s how rocketing rents and unaffordable house prices can be fixed | Leilani Farha | The Guardian | International Economics: IB Economics | Scoop.it
We have the chance to guarantee the human right to housing – rather than a real-life game of Monopoly. We must take it, says Leilani Farha, former UN special rapporteur on the right to housing
Graham Watson's insight:

Leila Farha has an ambitious goal - to change the nature of housing markets across the world - and whilst I entirely agree with her sentiment, it looks to me to be an impossible task.

 

What she's wanting to happen is to move away from the financialisation of the housing market, which appears to be increasing inequality, and benefitting the most affluent at the expense of everyone else. 

 

Her ideas revolve around the use of land trusts and housing co-operatives to offer an alternative model of housing provision, not least for those people on low incomes and to move away from a rentier-led model of private sector renting. 

 

It's certainly got lots of work to do. 

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For Amazon, Apple, Facebook and Google business is booming

For Amazon, Apple, Facebook and Google business is booming | International Economics: IB Economics | Scoop.it
Latest sales and profit figures from America's big tech companies exceed Wall Street expectations.
Graham Watson's insight:

Just remember "We're All in this Together" - unless, of course, your on of the Big Tech firms, with the possible exception of Apple - who've done astoundingly well from the past few months.

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Saudi Aramco ramps up investment to boost production

Saudi Aramco ramps up investment to boost production | International Economics: IB Economics | Scoop.it
The state energy firm Saudi Aramco said it would increase investment after profits more than doubled in 2021.
Graham Watson's insight:

This could go on lots of boards - microeconomics as regards D&S and one of the important function of profit; international economics in terms of looking to expand energy sources other than Russia, and you might even think about the multiplier effects of any increase in investment. 

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S.Africa e-commerce booms in lockdown

As consumers shy away from shops during the pandemic, online shopping has soared across South Africa.

Graham Watson's insight:

In common with the developed world, e-commerce has also picked up in other countries, in this case, South Africa. However, it's interesting to see the challenges that face e-commerce in this environment, not least the fact that existing e-commerce providers/delivery services are reluctant to deliver to the townships, for example. 

 

It makes me think of C.K. Prahalad's "The Fortune at the Bottom of the Pyramid"

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