Hey everyone!
GAH I'm so scared...geo finals are tomorrow D:
jefkvnkghejkbhvhasve. Kill me now :'(
Sigh.
The chapters we are going to focus on for this test are:
-The poverty, economics, and globalization chapter
-Economic terms and examples from the movie Life and Debt
-Notes, economics crash course, interpreting graphs and charts (GAH!)
Yea...no.
I DONT LIKE ECONOMICS SAVE ME D:.
Okay I'm off to studying ==. Enjoy my mini rant, and GOOD LUCK!
You'll need it. Trust me :)
Sunday, June 22, 2014
Thursday, June 19, 2014
Haitian IMF Loan Summit
Hey everyone!
So I filmed part of our conference yesterday! Hope you enjoy :) I might be posting more pictures, so stay tuned!
I hope you guys like it!
So I filmed part of our conference yesterday! Hope you enjoy :) I might be posting more pictures, so stay tuned!
I hope you guys like it!
Tuesday, June 17, 2014
Economics and the IMF
Hey everyone!
Lately in geo class we have been talking about the economy (I mentioned this in my previous post). The IMF stands the International Monetary Fund, and what it does is it gives out loans to countries in debt. However, there is always a catch--the IMF will only issue a loan is certain conditions are met. Which means that the IMF has quite a large influence on the fate of the economy of a country with a lot of debt. It is also overseen by the World Trade Organization (WTO). However, the WTO is "corrupt;" countries with a larger economy have higher voting power, meaning they call the shots. Countries in debt have no choice but to follow the conditions set by stronger nations.
Tomorrow we will be having a debate/summit about whether or not Haiti should get the loan they they desperately need from the IMF. Chistenne, Lily and me are representing the Haitian government officials. I'll update you on our consensus if I can!
Thanks for reading!
Lately in geo class we have been talking about the economy (I mentioned this in my previous post). The IMF stands the International Monetary Fund, and what it does is it gives out loans to countries in debt. However, there is always a catch--the IMF will only issue a loan is certain conditions are met. Which means that the IMF has quite a large influence on the fate of the economy of a country with a lot of debt. It is also overseen by the World Trade Organization (WTO). However, the WTO is "corrupt;" countries with a larger economy have higher voting power, meaning they call the shots. Countries in debt have no choice but to follow the conditions set by stronger nations.
Tomorrow we will be having a debate/summit about whether or not Haiti should get the loan they they desperately need from the IMF. Chistenne, Lily and me are representing the Haitian government officials. I'll update you on our consensus if I can!
Thanks for reading!
Sunday, June 8, 2014
Jamaica and Antigua: Behind the Beaches
Hellllllo everyone!
Recently in geo class we've been learning about poverty and the economy, and how that affects countries overall. Last week we watched a documentary called Life and Debt, which I thought was really cool. It essentially tells you the truth behind the finances and people of Jamaica. I was seriously shocked by the information, since I always thought the Caribbean as a group of small, rich islands. It turns out that those islands are the exact opposite of wealthy. The government and the IMF has promoted the tourist industry up to the point that all we think about when it come to the Caribbean is resorts, sandy beaches, and sun. The reason why these islands are so deep in debt is due to their past. Before they were liberated, many of the islands were colonized by the French, Spanish, British...you name it. During that time period, the ruling countries helped manage their finances. After they were freed, however, their economies just fell apart. Most colonized countries including Jamaica and Antigua didn;t have a strong enough economy to sustain themselves. That's when the IMF stepped in. The IMF gave countries in debt a lot of money and a lot of conditions. It was up to the point where the IMF controlled the economic decisions of the country. This caused the country to fall deeper in debt, for the budgeting was unwise. That was the start of their vicious debt cycle.
I hope you guys enjoyed the post! This is probably my favorite section in geo yet!
Recently in geo class we've been learning about poverty and the economy, and how that affects countries overall. Last week we watched a documentary called Life and Debt, which I thought was really cool. It essentially tells you the truth behind the finances and people of Jamaica. I was seriously shocked by the information, since I always thought the Caribbean as a group of small, rich islands. It turns out that those islands are the exact opposite of wealthy. The government and the IMF has promoted the tourist industry up to the point that all we think about when it come to the Caribbean is resorts, sandy beaches, and sun. The reason why these islands are so deep in debt is due to their past. Before they were liberated, many of the islands were colonized by the French, Spanish, British...you name it. During that time period, the ruling countries helped manage their finances. After they were freed, however, their economies just fell apart. Most colonized countries including Jamaica and Antigua didn;t have a strong enough economy to sustain themselves. That's when the IMF stepped in. The IMF gave countries in debt a lot of money and a lot of conditions. It was up to the point where the IMF controlled the economic decisions of the country. This caused the country to fall deeper in debt, for the budgeting was unwise. That was the start of their vicious debt cycle.
I hope you guys enjoyed the post! This is probably my favorite section in geo yet!
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