International Economics: IB Economics
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International Economics: IB Economics
Economy
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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Dams Rehabilitation and Crisis Preparedness: India's World Bank-Supported Initiative - YouTube

From www.youtube.com - January 13, 9:38 AM
Graham Watson's insight:

This World Bank clip acknowledges the centrality of access to water as a fundamental part of development, and highlights how India is looking to rehabilitate its dams, increasing the country's resilience in the face of extreme weather events and hopefully fostering more sustainable development. 

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Impact of Climate Change on Health: The Cost of Inaction - YouTube

From www.youtube.com - December 2, 2023 2:41 AM

The links between climate, poverty and health are clear. The climate crisis is a health-risk multiplier. Extreme weather events are devastating health globally. By 2030, climate's negative health effects could drive 40M people into extreme poverty. With climate pressures putting a burden on already stressed health systems, the cost of inaction on lives and the planet is huge. The World Bank's climate and health initiative helps design country-tailored solutions and scale up investments to build climate-resilient health systems. Together we can build a healthier, more sustainable future for generations to come.

Graham Watson's insight:

This World Bank clip looks at the links between climate change and health, arguing that extreme weather is placing a greater stress on healthcare systems in places like sub-Saharan Africa where there's been a significant increase in flood risks. Without investment in creating increasingly resilient healthcare systems, it looks like the most vulnerable are going to bear the brunt of the costs associated with global warming.

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Building Beyond Tomorrow: Recovering From a Tsunami to Build a Bright Future in Tonga

From www.youtube.com - November 9, 2023 3:40 AM

For the people of ‘Eua island, in the east of Tonga, the island’s wharf is a lifeline; their connection to the rest of the country, and world. When the port was hit by repeated cyclones and king tides in 2021, and then by destroyed by a massive tsunami in January 2022, small businesses like the one owned by local Aloinea Havea suffered greatly, unable to receive new stock. A World Bank project has led the restoration of the wharf on ‘Eua, helping the island’s community to recover swiftly. 

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This World Bank clip looks at how a shop in Tonga has recovered from repeated cyclones, a king tide  and then a tsunami - massive supply-side shocks. It shows how investment in resilient infrastructure can enhance sustainable development prospects. 

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The Social Dimensions of Climate Change in Solomon Islands

From www.youtube.com - August 2, 2023 2:42 AM

The World Bank is working with communities across Solomon Islands to better understand how people on the front lines of climate change have been adapting to land loss, displacement, and migration. These lessons provide important insights into how our work, and the work of our partners, can better meet the needs and priorities of those most in need. Hear from people from small islands facing land loss, climate migrants in the capital, Honiara, and women in remote rural villages who are facing these challenges first hand. 

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This World Bank clip looks at a project that is studying the impact of climate change in the Solomon Islands. The world's most vulnerable faces a number of challenges, and the World Bank wants to give them greater resilience and better ensure sustainable development opportunities. 

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The G5 Sahel Countries May Be Facing Their Biggest Threat in Climate Change

From www.youtube.com - October 29, 2022 5:54 AM

Average temperatures in the Sahel region of Africa could rise by as much as 3 degrees by 2050 and an additional 13.5 million people could fall into poverty because of climate change. At the same time, Sahel's population is the least responsible for its climate struggles: it accounts for as little as 1% of global emissions. But a safer climate future is possible. Investing $16 billion between now and 2030 can make a huge difference to boosting energy access, restoring land, expanding vital water and sanitary services and boosting adaptation. 

Graham Watson's insight:

The G5 Sahel nations are among the world's poorest, and potentially those most at risk from climate change, not least because of the fact that much of the land is a common access resource.

 

Add in the potential impacts of climate change and there could be a significant increase in poverty in the region, unless there's careful investment via the safer climate fund to boost energy access, restore land and making the region more resilient. 

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Improving Service & Basic Infrastructure for Rohingya and Host Community in Cox’s Bazar, Bangladesh

From www.youtube.com - November 10, 2021 2:53 AM

The Emergency Multi-Sector Rohingya Crisis Response Project is providing basic services and building disaster and social resilience for the displaced Rohingya people until their safe and voluntary return to Myanmar, as well as for the host communities in Cox’s Bazar. The Government of Bangladesh is implementing the project with support from The World Bank.

Graham Watson's insight:

This remarkable clip from the World Bank looks at how the group has acted in concert with the government of Bangladesh to build resilience among the displaced Rohingya refugees who've settled around Cox's Bazaar. Over 1 million refugees have settled in an area that used to be forest - and whilst development prospects aren't great, they are enhanced by this sort of humanitarian aid.

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Climate Change's Impact on Fragile Countries - YouTube

From www.youtube.com - December 2, 2023 10:48 AM

Climate change is already having a devastating impact on the Middle East and Central Asia. Recent IMF work shows that the average economic losses for fragile countries are four times worse than when a storm, drought, or flood hit other countries.

Graham Watson's insight:

This IMF clip emphasises the effects of climate change on the most fragile economies, with the adverse effect of climate change on GDP being four times higher in these economies than others. As a result, there's a need to find ways both public and private finance to make these economies more resilient. 

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Seawalls Driving Renewed Confidence in Samoa | The Pacific Climate Resilient Transport Program

From www.youtube.com - November 15, 2023 1:26 PM

Like many Pacific nations, Samoa is vulnerable to the impacts of climate change and natural disasters. Through a World Bank program, work is underway to make Samoa’s key infrastructure more resilient to extreme weather, which has included a major upgrade of the West Coast Road, one of the country’s busiest. Businesses along the busy route are now reaping the benefit of renewed optimism in the country’s infrastructure.

Graham Watson's insight:

This clip highlights how Samoa is trying to build resilience to extreme weather events, and in doing so foster sustainable development, with help from the World Bank. 

 

It's hoped that interventions such as this, upgrading the West Coast Road and building a seawall, will ensure that natural disasters will have less impact in future.  

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Improving Livelihoods Among Poor Households in Malawi

From www.youtube.com - September 16, 2023 2:31 AM

The seven-year Social Support for Resilient Livelihoods Project (2020-2027) in Malawi is designed to improve resilience and build human capital among poor and vulnerable populations through social cash transfers (SCTs), livelihoods support, enhanced climate smart public works, as well as an option for scalable financing for SCTs to reach more disaster-affected households in times of weather-related disasters. At full scale, the project is expected to expand support from the current 490,984 beneficiary households to 778,000. The project has become a major tool for addressing multiple and overlapping crises in Malawi. 

Graham Watson's insight:

This multi-layered World Bank clip looks at many aspects of development: poverty reduction, climate change, social safety nets and natural disasters that mean that 75% of the country are living below the poverty line. 

 

However, the World Bank's Social Support for Resilient Livelihoods Project is trying to tackle all of these problems - building human capital - via direct cash transfers and investment in climate-friendly public works. The hope is that such interventions will boost development, increase sustainability and make the economy more resilient. 

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Accelerating Sustainable Finance Ep 1: The Required Business Transformation

From www.youtube.com - November 21, 2022 2:02 PM

As the climate crisis intensifies, the financial sector has been quick to make commitments to achieve net zero, but how can these pledges be translated into tangible actions? Mark Carney, the UN Special Envoy for Climate Action and Finance shares his insights on how a revolution is taking place in financial systems.

Accelerating Sustainable Finance is a four episode series that profiles global thought leaders on how finance can mobilize to achieve net zero. The episodes explore topics such as the required business transformation, opportunities presented by technology, the net zero transition in emerging markets and the key role of market infrastructures.

Graham Watson's insight:

One of the key areas where there's been significant global progress is in trying to shift the emphasis in global finance towards climate change and extreme weather events. Here, Mark Carney - remember him - looks at how the World Economic Forum has started to make progress in this area. 

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Scooped by Graham Watson
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Skills and Employment for Tongans Project: Creating Sustainable Pathways in Tonga

From www.youtube.com - May 11, 2022 4:10 PM

The World Bank funded Skills and Employment for Tongans Project supports the Tongan government to establish a cash transfer program to address the financial constraints many households face in accessing and keeping children in secondary school. The project aims to directly address Tonga’s high secondary school drop-out rates, as well as ensuring those that have dropped out of secondary school have alternative vocational and learning pathways.

Graham Watson's insight:

The World Bank has supported the Tongan government implement a Skills and Employment project to develop human capital, as well as spending money to create greater resilience in the face of natural disasters.

 

Both are important in ensuring sustainable development in the Pacific economy, and enhancing developmental prospects. 

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The World Bank's International Development Association (IDA): A Steadfast Partner in Mozambique

From www.youtube.com - November 4, 2021 5:14 PM

Before, during and after crises, the World Bank's International Development Association (IDA) has always been there for countries. A steadfast partner to Mozambique, IDA has offered prompt and tailored responses to address a series of multidimensional shocks in the country. 

Graham Watson's insight:

This World Bank clip looks at the role of the International Development Association (IDA) in helping Mozambique recover from two cyclones in 2014, with a specific focus on the ability of IDA to help ensure a resilient recovery based on the reconstruction of infrastructure. 

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