Amazonian Rainforest Fires.

I.B. Economics. The recent Amazonian fires here in Brazil and their potential impact on global warming got me thinking about the role of economics, and how economic theories and models may be complicit in the process of environmental destruction and global warming. Do our models factor in the environmental impacts of economic activity, or do they ignore them? Many analysts think that they ignore them and that new ways of thinking about the role of the economy and it’s connection to the environment are needed. One of these analysts is John Fullerton, an ex-Wall Street banker who has founded the … Continue reading Amazonian Rainforest Fires.

Development Economics – South Africa Verses Brazil

IB Economics. The Similarities and Differences Between South Africa and Brazil. (Syllabus Section 4.1 – Similarities and Differences Between Developing Countries). I am spending the holiday in South Africa at the moment so thought that I would do a post on South Africa and Brazil. When I started studying economics all those years ago we used the terms ‘ the First World’, the ‘ Second World’ and the ‘ Third World’ – meaning the rich countries, the Soviet Bloc countries and the poor countries of the world. However, the phrase ‘ Third World’ implies that all the poor countries are … Continue reading Development Economics – South Africa Verses Brazil