3.5 and 3.6 case studies Flashcards
pension rates triple lock
- goes up by 2.5%
- matches inflation
- matches rise in average earnings
what is the UK gini coefficient
- 0.35 before housing costs
- 0.39 after housing costs
oxfam international aid as a non governmental organisation
- 8.3 million reached through humanitarian aid in 2022-2023
- Climate change: Oxfam and Northeastern rural development organization helped build greenhouses to grow and sell crops
- Super adobe: work in Jordan, free materials to build shelters
- 2018 and Blocrice: Cambodia, increase negotiation for better pay → digital contracts between Cambodian farmers and Netherlands buyers
- 2017: Hydroponics programme → cultivating plants without soil in Algerian Sahara
- Greenhouses create 132 pounds of fodder every day that can feed 20 goats
- Bangladesh 2018: industrial scale centralised sewage management plan at Cox’s bazaar
- Processes the waste of 150,000 people at a refugee camp
government international aid –> restoring hope for gaza
- the Uk’s department for international development grant of £724500 to medical aid for Palestinians to deliver trainer support and plastic reconstructive surgery.
- 1000~ that are in need of secondary reconstructive surgery will benefit
aims to improve surgical capacities in hospitals - 50 local medical personnel trained to develop specialised skills to lead future specialist limb reconstructive surgeries and treatment
- The UK provided £17 million in emergency humanitarian assistance to cope with the immediate needs of those affected by the conflict, and committed a further £20 million to the gaza reconstruction conference in October to support early recovery and reconstruction in the region. (2014
china belt and road initiative aims
Lend 1 million us dollars to developing countries in 2023
- Domestic benefits
- Investment into chinese economy post 2009 financial crisis
- Increased FDI
- Increased local employment and income
- Infrastructure is a long term benefit
- Aims: policy coordination, infrastructure connectivity, unimpeded trade, financial integration, closer people ties
Investments in infrastructure, ports, roads, railways and airports
- Could life 7.6 million from extreme poverty + 32 million from moderate poverty; global income could increase by 2.9%
- Could reduce poverty for many developing countries → accompanied by policy reforms but transparency is needed
projects associated with the china BRI
- Connect Asia with Africa and Europe via land and networks regional integration, increased trade and stimulating economic growth
- Ababa-Djibouti railway in east africa
- Kenya: Mombasa-Nairobi Standard Gauge Railway (SGR)
- china /pakistan economic corridor → thousands of job created in construction
- Distaster relief in pakistan and sri lanka after natural disasters
problems with the china BRI
- Lack of communication can deteriorate countries further → increase in global carbon emissions by 0.3%
- Outstanding loans are a quarter of GDP of China → other developing countries fail to pay back loans and chinese gov have to bail them out → RISK
- 104 US dollars: 2019-22 to those who borrowed due to BRI given by chinese government
- Greener: needs more sustainable development? Population explosion 20-30 years in the future
changes in VAT
2010: austerity
- VAT 20% to 17.5%
farmers inheritance tax
- Generational wealth
- Increase in wealth/income → can pay accountants etc to avoid inheritance tax
- Best way to avoid is to buy farmland and pass it down as assets
- Farmers have high wealth but low income
wealth facts
- Richest 1% in US earn more than bottom 90% of population
- Top 1% own 23% of wealth in UK
India - Top 10% own 70% of wealth
- Top 1% own 40% of wealth
- Bottom 50% own 3% of wealth
- china : top 0.0001% has some wealth as bottom 50%
changes in global labour force
- supply doubled from 1980s to 2000s
- 2015: 3 billion
- estimated 3.5 billion in 2030
- unemployment of 208 million in 2018
UK birth rate
1.4%
examples of outsourcing labour
- filipino nurses in birmingham wch
examples of developed economies declining due to cheaper labour abraod
- rust belt in america
trade unions and labour
- BMA and young doctors 25% increase