A Report from the World Bank: Understanding the Plunge in Oil Prices

Very good reading material to start thinking about why oil prices has fallen more than 50% in a short span of 7 months.

If prices represent the wisdom of the crowds and transmit important information, what could the oil price be telling investors, producers, and consumers here?

Understanding the Plunge in Oil Prices: Sources and Implications

Don’t just read the easy stuff. You may be entertained by it, but you will never grow from it.
— Jim Rohn

Towards equitable cities: Interview with Singapore’s DPM Tharman Shanmugaratnam

“There are many dimensions to equity, and societies will feel more strongly about some dimensions than others at different times. But we should avoid reducing equity to just one thing or one statistic.

You can’t reduce this to a figure. It’s not an unemployment rate or a Gini coefficient. It’s about the quality of everyday life and the quality of public spaces that we must want in a fair society.”

A recommended read for all H2 Economics Students.

See the full interview here: http://www.eco-business.com/news/towards-equitable-cities-interview-singapores-dpm-tharman-shanmugaratnam/

Africa’s growth

This is an essay that I have written for an economics essay competition, it does provide some good points, ideas and facts that are relevant to A level H2 economics.

Africa is well placed to achieve rapid and sustainable development. Do you agree?

Africa has the potential to achieve rapid and sustainable growth but there are many obstacles to be addressed first. Economic development depends on the country’s quantity and quality of resources namely land, labour, capital, entrepreneurship, and technology to be put to good use for rapid and sustainable growth. As a continent rich in natural resources such as petroleum and minerals, human resources and with many of its states enjoying strategic geographical locations that have untapped potential for trade. Yet Africa is also the continent with the poorest people due to mismanagement of resources, political corruption and civil wars.