IB Economics SL Heitmann

The article discusses the increase in the minimum wage and its effects on employment as the government struggles with the rise of inequality over the previous years. David Neumark an economist at university of california argues in his paper that a high minimum wage wage may not be effective in tacking poverty. Other impacts on the increase in minimum wage is higher productivity on the other hand labor is so cheap that there is less incentive to increase the wages. Higher minimum wages could boost the economy and if employers focused on high-skilled workers in the short term, that could boost productivity and the economy in the long term, eventually providing jobs for the low skilled.

This article describes how the United Nations are working with gender equality to achieve greater economic development, and economic growth in this case. The UN is drawing concrete links between women empowerment and greater economic development, illustrating how an androcentric mindset is causing an inefficient allocation of resources.

Turkey has received an urban explosion that developed it's nations from a musty barren land to a trans-global hub. The technology has advanced, transportation, the environment is clearer as pollution levels have gone down. This was not something done overnight, Turkey had started implementing policies since the 1980s such as gecekondu. Today cities can produce their own revenues, have elected officials, and make their own deals with foreign nations. Yes, the standard of living and income has increased but there are disadvantages with this in the sense that the roads are congested. Less public transportation use. They have also been privatizing public areas which most citizens disagree was they areas are symbolic.

The combined annual gross domestic product (GDP) of China and the European Union (EU) may grow by an additional US$200 billion by 2030, according to a study on the impact of a EU-China free trade agreement....

Amid growing domestic issues, such as corruption and political instability, Mozambique continues to suffer from a lack of foreign direct investment and economic growth despite promising offshore oil deposits. Highlights domestic factors that influence economic growth and development.

(India, China and Brazil...) MELBOURNE: Emerging economies like India, China and Brazil are no longer "policy takers" but are significantly influencing the pattern and scope of international trade, according to WTO Director General Pascal Lamy. "These emerging powers -- China, India, Brazil, Mexico, Indonesia, Malaysia, South Africa -- and many others are no longer policy takers.

Many things are affecting what the outcome of Niger's latest election will be. An issue of concern for the country is that they are ranked lasted bu the UN in human development. Despite producing uranium and oil, Niger has the lowest HDI and the highest fertility rates. President Issoufou has used planning to address this issue to help his campaign. Niger's elections are being affected by the HDI because the other issues that the country has comes from their HDI being so low

When the discussion of "worlds greatest nation" comes up, one of the biggest primary factors is how developed a country is. Whether it's ease of access to education, salary, or overall health of a country, all are tied into a measure called the Human Development Index.

Ontario, Canada has just introduced a large investment to help indigenous communities develop. The program is aimed at improving education opportunities, supporting local businesses, and promoting local tourism and events. In all, this is aimed at improving the HDI of indigenous communities and of Canada as a whole.

Iran moves up 6 ranks in Human Development Index in a single year: UNDP TEHRAN - According to the 2015 Human Development Report (HDR), the Islamic Republic of Iran's Human Development Index (HDI) value for 2014 is currently 0.766.

The article treats about the sudden improvement of the Iran's HDI in the year 2015, which is one of the highest increases for any country in the world, past 8 years.

Canada has ranked ninth in the UN's annual Human Development Index (HDI), out of nearly 200 countries. The HDI measures health and life expectancy, access to education and standard of living.

United Nations has launched a project in Malawi to discuss the goals of economic development. The goals are described as income equality, sustainability, and public support for all citizens.

Economic growth in Africa is expected to accelerate to 4.7% this year and 5% in 2015, but the advance is failing to translate into job creation and the broad-based development needed to reduce high poverty and rising inequality rates in many countries, the UN has said.

A study done in certain Asian countries such as Indonesia and New Guinea show that these country's economies are being prevented from developing by malnutrition. Malnutrition has shown to stunt children's brain development. When children's brain development is slowed it prevents them from receiving the education they need to get out of poverty. Inn these countries education is often needed to remove them from poverty. If malnutrition countries to be this high in these countries it can prevent them from having developed economies.

Developing economies have been trying to figure out what makes them so behind and the answer came out to be education. But education type can't be the same world wide as each place is the same and so are the focuses on the lucrative sectors ( some could be agriculture some manufacture). In one Indian village although the school had to show government they were keeping up with it's regulations they didn't have to show the parents so for five years parents would keep their kids from farm lands and let them go to school only to find out there was no change. Places like this would not benefit from education types such as that in the U.S they need one that conforms to their own styles. In Brazil another school enabled a method that the money follows the child, because if a teacher has no interest in children it doesn't matter how much you pay them the quality of education will not increase. Once the Brazilian school figured that out they were able to increase quality of education and score highest in PISA maths test 2003-2012. Economic development in education is all about quality and quantity of education; quality of the institution, teachers etc.

The country's purchasing power with the rest of the world has fallen for the second quarter in a row. The fall in price of exports is greater than the fall in price on imports

Hope that spur-of-the-moment trip to Mexico last year was lots of fun. Because it's wreaking havoc on the U.S. trade balance. It all comes down to services, the part of the economy where the U.S. is the undisputed global leader. Some services-often intangible things like financial advice and royalties-are traded between countries, and in the U.S.

This article describes how the Indonesian economy swung from a deficit in balance of payments of $160 to a $50 surplus. The imports of the country fell significantly, resulting in a decrease in deficit of the balance of trade in goods and services, which has been a factor in the swing in balance of payments.

The US trade deficit (current account deficit) grew again in 2015, and for the first time since 2012 the credit from US exports has decreased. The article also discusses the impact of the US' high exchange rate, and the role of the US in the global economy (stimulating other economies).