International Monetary Fund

NEWS via CNN: Crimea-Economic fallout of a ‘yes’ vote

March 16, 2014 // 0 Comments

Crimea: Economic fallout of a ‘yes’ vote By Alanna Petroff and Mark Thompson  @CNNMoney March 15, 2014: 7:54 AM ET Crimea is voting on Sunday in a referendum to decide if the region should break from Ukraine and join Russia.  LONDON (CNNMoney) The Ukrainian region of Crimea votes Sunday on whether to join Russia, a move that could tip Europe back into a Cold War with its powerful eastern neighbor. The West has called the vote illegal, saying Russian military activity in Crimea violates Ukraine’s sovereignty and will influence the outcome of the referendum. U.S. and European leaders say Russia will pay a price for annexing Crimea, and German Chancellor Angela Merkel has warned of a potential “catastrophe.” Related: Live coverage of the crisis in Ukraine If, as expected, Crimeans choose Russia over Ukraine, the fallout could ultimately affect economic growth, trade, investment and energy supplies. Sanctions: Western powers may move as early as Monday [...]

RESOURCE: Life and Debt-Video and Guided Worksheet

March 11, 2014 // 4 Comments

Life and Debt (2001) The video Life and Debt is a fantastic documentary that discusses the economic struggles that post-colonial countries such as Jamaica face. The majority of the video shows how structural adjustment programs hinder economic progress by imposing fewer restrictions in free trade zones, and more restrictions to the rest of the country. Power relation struggles between MDCs and LDCs are evident when the World Trade Organization and international lending agencies are shown wielding their power. A current source for the online video is HERE.   Suggested use: Background information: Before viewing Life and Debt, the following topics are discussed: free trade zones, special economic zones, export processing zones, International Monetary Fund, World Bank, World Trade Organization, Walter Rostow’s Five Stages of Development, Immanuel Wallerstein’s World Systems Theory, structural adjustment programs, international model of development, self-sufficiency [...]
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