3. Economic Interactions and Flows

Exercise 1:

IB Outcome: Examine the importance of loans, debt repayment, development aid, remittances, foreign direct investment and repatriation of profits in the transfer of capital between the developed core areas and the peripheries.

This unit uses knowledge from unit 2, Disparities in Wealth and Development and Optional Theme F: The Geography of Food and Health

Part 1: Guided discussion:

What are the IMF, the WTO and the World Bank? What is their role in the world financial market?
Why did Jamaica ask for the IMF's help?
Describe the main lines (3) of the IMF's structural adjustment program (SAP) in Jamaica and their impacts on Jamaica's economy.
How has the IMF affected the Jamaican Dairy industry? Why would Jamaica accept such a deal?

3. What were the benefits and drawbacks of the Free Zones in Jamaica?

4. What has been done to stimulate Jamaica's Banana production?

5. What was the role of TNCs in Jamaica?

6. What have been the successes of ODA in Jamaica? How do they compare with the opening of international trade?

7. What conclusion can you draw from the IMF's involvement in Jamaica? Does free trade benefit all those concerned?

Part 2:

Each person will find one graph or map to demonstrate the trend of each of the following and post it here

We will then discuss the trends and their implications

Cross border investment over time and space
Global imports and exports over time and space
Current outflow and inflow of FDI
Size of debt per country
Global dept ratio in relation to GDP
Main ODA donors and recipients
Total ODA over time
HIPC countries
Total remittances over time and compared to FDI and other variables if possible
Remittances per country (top receivers)
Remittances ratio in relation to GDP (top receivers)
Remittances top senders

Exercise 2:

Complete this google doc

Then:

We have already covered the Mexico/US migration issue in Core Unit 1, but a lot has happened since then.

Quick review. Each group will explain the following:

Lee's Migration model
Push and pull factors in Mexico
Push and pull factors in the US
Economic benefits and drawback in Mexico
Economic benefits and drawback in the US

Discussion:

Using examples from recent events in the US, discuss the following question:

Explain the cause and effect of one recent international labour flow. [10 marks]
- Make sure to include global interactions in the causes for paper 3

Exercise 3:

On the white board, each group will write an outline for each of the following question, including thesis statements and three arguments. We will then grade them as a group, using the IB paper 3 markband.

a) Explain the role of ICT in the growth of international outsourcing. [10 marks, May 13]
a) Using located examples, analyze the importance of outsourcing for transnational corporations (TNCs). [10 marks, May 15]

a) Analyze the increasing influence of one multi-governmental organization you have studied.[10 marks, Nov 14]
b) Examine the geographical consequences of international outsourcing. [15 marks, Nov 11]

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