Title of Extract: China’s Leaders Meet to Plan Economic Future
Source of Extract: BBC News
Date of Extract: 10/15/10
Category: Economic Growth vs. Economic Development
- Instead of seeking economic growth, China wants to close the gap between the rich and the poor
- Letter asking for the end to restrictions on the freedom of speech
- Meeting to discuss the nations next 5 year plan
- China wants to reduce the gap between the rich and the poor to improve economic development so there is less conflict
- Unit 1: focusing on economic development vs. economic growth
- By putting all the time and money into economic development, there is an opportunity cost of economic growth
Title Of Extract: Which MBA? | Where others fear to tread
Source Of Extract: The Economist
Date Of Extract: October 15th 2010
Category: Unit 1 / Economic Development, Factors of production
-China is accused of making the business school in Africa since it just wants Africa’s Natural Resources
-The costs are high for Africans, and this includes environmental degradation
-China wants to bring their “economic model” to africa to help them develop economically, since the standards of living in Africa are not very good
-There is a serious lack of good business education in Africa (it is scarce)
– The problem is, there are actually financial downsides to this program in africa
-The program is actually a money loser for CEIBS, which is the organization that runs this MBA school.
-The Concept of Economic Development
-Factors of production
-Scarcity of business education in Africa
- Type of Extract: UN Japan forum ‘key time’ to solve global nature crisis
- Source of Extract: BBC world news
- Date of Extract: 10/17/10
- Category: Economic Growth vs. Economic Development
- Species are going extinct at 100-1,000 times the natural rate, key habitat is disappearing, and ever more water and land is being used to support people.
- A UN-sponsored team of economists has calculated that loss of biodiversity and ecosystems is costing the human race $2 trillion to $5 trillion a year.
- Noting that nature’s diversity is “the foundation upon which human civilisation has been built”, governments pledged “to achieve by 2010 a significant reduction of the current rate of biodiversity loss at the global, regional and national level as a contribution to poverty alleviation and to the benefit of all life on Earth”.
- The majority of species studied over the period are moving closer to extinction rather than further away, while important natural habitat such as forests, wetlands, rivers and coral reefs continue to shrink or be disturbed.
- Government delegates here are considering adopting a new set of targets for 2020 that aim to tackle the causes of biodiversity loss – the expansion of agriculture, pollution, climate change, the spread of alien invasive species, the increasing use of natural resources – which conservationists believe might be a more effective option than setting targets on nature itself.
- Many experts believe it is necessary if scientific evidence on the importance of biodiversity loss is to be transmitted effectively to governments, in the same way that the Intergovernmental Panel on Climate Change (IPCC) assembles evidence that governments can use when deciding whether to tackle climate change.
- hindrance of economic growth
- possible hindrance of economic development
- effect on production possibilities