IB BUSINESS & MANAGEMENT AND IB ECONOMICS. From ‘Brexit’, to the election of Donald Trump as US president, a number of recent world events have surprised and shocked many people. Can we link anything on the IB Economics and IB Business & Management syllabuses to these profound changes in politics, society and economics? Can business and economics explain anything about these happenings? Of course it can! Let’s look first at executive pay (Section 2.4 of the Business syllabus, salaries and remuneration) . As Ha-Joon Chang points out in his masterly book “23 Things They Don’t Tell You About Capitalism“, the salaries … Continue reading Executive Pay and Donald Trump.
IB Economics & IB Business. On Thursday June 23rd the British people voted in a referendum to leave the European Union ( EU). The value of the Pound promptly dropped 10% and stock markets around the word fell. As a British citizen myself who is on holiday in the UK, I thought that it would be apposite to make Brexit the topic of my next blog post. Brexit is short for a ‘ British exit’ of the EU. So what has Brexit got to do with the IB Economics and IB Business courses? A lot. The topics of ‘ globalization’, … Continue reading Brexit – A Revolt Against Globalisation.