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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Urban Infrastructure Financing: Empowering Thai Cities for Sustainable Growth

Thailand today has a network of thriving cities beyond the Bangkok metropolitan area offering a wealth of opportunities to local residents. As urban populations surge, the need for public services, innovative infrastructure, and regular maintenance continues to grow. Take a look at how five cities - Khon Kaen, Chiang Mai, Phuket, Rayong and Nakhon Sawan - in Thailand are collaborating with the World Bank to mobilize finance for urban infrastructure development and sustainable growth.

Graham Watson's insight:

This World Bank clip might get you thinking about a range of issues to do with development, not least the costs and benefits of urbanisation, the role that cities play in promoting development and the role of international financial organisations in providing the funding to ensure that such development is sustainable. 

 

This clip looks at how the World Bank is helping so-called second-tier cities in Thailand grow, and enabling their infrastructure to keep pace with this. 

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Is India The Next China?

Although India has lagged behind China since both countries opened up to the world in the 1980s, the Indian government is now taking steps to finally challenge its biggest economic competitor.

Graham Watson's insight:

Not content with Africa, being the new China, I give you another perspective: will India be the new China. (I suspect I will finish with 'Is China the new China?')

 

However, many commentators have always thought that India is going to overtake China at some point. Why? Demographic advantages - a younger population, a more literate population; the benefits conferred by the English language and the good fortune to have inherited English institutions; the potential labour pool available, given that India has lower levels of urbanisation relative to China.

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South Africa’s Cities Support Program: Improving the Lives and Livelihoods of Its Citizens

South Africa's economic growth lies in its cities with 8 of its largest cities not having reached their full potential. Currently, in Africa 40% of the population lives in cities, by 2050 it will be 60%. The World Bank would like to assist the city leaders to plan for this growth. The rapid urbanization in South Africa has inspired the country's National Treasury to launch the Cities Support program to improve the lives and livelihoods of its citizens. 

Graham Watson's insight:

This World Bank clip looks at the importance of urbanization to economic growth and development in sub-Saharan Africa. This clip focuses on how the growth of eight of its largest cities can help South Africa recover from the pandemic and would be excellent both for Economics and Geography students. 

 

It looks at all aspects of urban development, and the benefits that come from unlocking the potential of these urban areas. 

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