IB Econ HL Section B

This article is about a loan approved for a development project in Nigeria. Nigeria, as a poor country, has to borrow money for projects such as this.

British terms of trade is worsening due to higher import price for oil and commodities.

The EU is looking at resuming talks, begun with Tunisia while Mr Ben Ali was in power, on improving trade terms with the country.

Sudan is suffering an economic crisis, with a current account deficit and currency devaluation driving up inflation.

Talks between US President Barack Obama and Chinese President Hu Jintao are being billed as the most important meeting between the two countries for 30 years. It comes at a time when relations have been strained by issues such as the trade imbalance and China's growing military might.

This article is about the recent increase in commodity prices. This could significantly alter terms of trade for many countries. For developing countries that depend on commodities, a rise in their prices could increase terms of trade; for developed countries that import commodities, the price increase will hurt terms of trade.

This article is about the recent meeting between US President Obama and Chinese President Hu Jintao. One of the topics of discussion was the Chinese currency. America believes that the yuan is devalued to give China an advantage in trade.

The Venezuelan government devaluates its currency for the second time this year in an attempt to meet importer's demand, tame inflation, minimize outflow of domestic currency, and maximize revenue from oil sale.

This article is about the American trade deficit. It likely increased in November, as imports exceeded exports. The imbalance with China is particularly large, and is a source of increased political pressure between the countries.

"the number of Australian visitors to this country increased by 4 per cent"

The number of Australian visitors to this country increased by 4 per cent due to favorable exchange rate. This is an invisible trade in the form of tourism.

This article is about the effect of the single euro currency on Ireland and the rest of Europe. Because the economic health of one nation can threaten the Eurozone as a whole, the single currency means that the EU must bail out a financially troubled Ireland or risk the currency's collapse.

The decision may significantly raise the future cost of borrowing for over-indebted eurozone governments. It is part of a new permanent scheme - to be funded by eurozone governments, but not the UK - to replace existing bail-out funds that expire in 2013. "The Member States whose currency is the euro may establish a stability mechanism to safeguard the stability of the euro area as a whole. The granting of financial assistance under the mechanism will be made subject to strict conditionality."

American politicians are hoping for concessions on currency rates from China at talks this week. They believe that the Chinese government controls its exchange rate to keep its currency artificially weak, giving Chinese exporters an advantage.

This article speaks about how the balance of economic power has started shifting form the West to the east and talks about the role that developing countries have played as we approach the 10th anniversary of the Doha Development Agenda

A surge in imports in June pushed Britain's trade deficit with non-EU countries to its widest level on record.

This is about the positive effect that trade has had on the UK economy. When more foreigners are buying UK goods, the economy benefits. This shows that decreasing a deficit of the balance of payments is beneficial for the economy.

The EU, which has adopted the common market system comprised of most European countries, is seen affected as a whole by one country's actions, Belgium's dependence on cheap raw materials.

Russia is planning to join the World Trade Organization as early as 2011 after pressing for WTO membership for 17 years.

After years of negotiations, Russia's prime minister Vladimir Putin believes that they will soon enter the World Trade Organization.

As the World Trade Organisation (WTO) gathers in Hong Kong for fresh negotiations between rich and poor countries, should Africa be hopeful?