IB Econ HL Section B

This article is about Zimbabwe's need to sell diamonds in order to service debts to the IMF.

The move to oust Professor Muhammad Yunus from the board of Grameen Bank is the latest in a line of criticisms aimed at him as an individual and the microcredit system he pioneered.

This article is about the increased risk for Capital flight in Russia, because of the potential for political instability ahead of the elections. Russia experienced high levels of Capital flight in 2010, greatly hindering economic growth.

This is about the potential dangers of foreign aid. Donors to Mali are insisting that the cotton industry be privatized. However, this poses a thread to the economy.

Money from rich countries has trapped many African nations in a cycle of corruption, slower economic growth and poverty. Cutting off the flow would be far more beneficial.

The Korean government has declared war against money laundering into foreign banks to root out illegal capital outflow.

Pakistan could become the UK's biggest aid recipient by 2015.

This article focuses on the many carmakers who are moving production to China. This is an example of capital flight, as the factories are moving from Western countries to China.

India's Supreme Court has said that the practice of illegal funnelling of wealth overseas by Indians is a "pure and simple theft of national money".

Up to $25bn (£16bn) will leave Russia in capital flight this year, as its economic growth "remains very fragile",

This article is about India President's pledge to lower corruption. It talks about how corruption has made India's rapid economic growth less attractive to foreign investors, which is needed for increased economic growth and development.

This article is about Egypt attempting to freeze the assets of the overthrown dictator Mubarak. Mubarak has been accused of corruption, as he is thought to have amassed a large personal fortune overseas.

Britain's arms sales to Bahrain are under urgent review following violence there, the Foreign Office has said.

The gap between the rich and poor in the UK remained at a high level in 2007-8, official statistics have shown.

Scotland is facing its "most difficult" challenges in tackling poverty in years, campaigners have warned.

This article speaks about how a key driving factor in the Egyptian uprising was income inequality. As Egypt developed, a small portion of the population became very rich while most people continued to struggle.

This article is about how rising food prices, recently aggravated by unrest in the Middle East, have rapidly been "pushing" many people below the poverty threshold. 44 million people are now below the threshold of extreme poverty.

This article discuss on the argument of whether or not to impose higher tax rates on the upper class of the economy.

This article is about governments such as China and South Korea making deals to purchase land from poorer countries. The locals living on the land are often poor and have no say in the deal. This shows the income inequality both between and within nations, as it is the poorer countries and the poorer citizens within those countries that suffer.

Poverty is fueling the protests in the Middle East. This article is relevant to this week's topic because lack of education and unhealthy environment leads to low-quality human resources, and thus the slowdown in the economic growth.