Class Notes (865,678)
CA (523,035)
UTSG (45,169)
ECO (1,600)
ECO100Y1 (438)
Jack Carr (32)
Lecture

Return on Education, Sustainable Development

6 Pages
86 Views

Department
Economics
Course Code
ECO100Y1
Professor
Jack Carr

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Description
Jan 28, 2009 The Chinese currency is being manipulated and should be higher and should be appreciated as China has a huge current account surplus. -IMF has had a mission to watch for misoriented foreign exchange rates -issue in China is severe and threatening but is politically explosive - L[o]]L}owith countries with huge surpluses and deficits -china was said to be manipulating its currency to boost exports - Z]LZ]]ZL[KL]o]L2]Z ZL27ZD^ZZZZ}oL[ZZ]ZZ}]L Z tariffs in US -trade has fallen dramatically between Singapore and US CONTINUE ON EDUCATION: Conclusion-should make an investment in education East Asia-1990-2002-80%-90% adult literacy, Southeast asia-1990-47%, 2002-58% Subsahara Africa-2002-50%, youth literacy-67% to 77% in 2002 United nations study in 2000, external benefits of education are often understated, social rates of return under model 3 often do not have external economies -Increased productivity of fellow workers -Improved health of families -more awareness of illnesses, faster reaction pattern to curing -improved knowledge of family planning -overall life enrichment, better understanding of life Why are children not in school in developing countries -schools are filled, no schools in area -inadequate transport -educational fees -not a family priority particularly in agricultural areas, children enter the workforce at a young age -8 countries in Latin America and Southeast Asia, poorest 40% of countries received 2-}2}[ assistance for education Avg length of school is 50% less in poor countries than high income countries due to -teacher absenteeism -student absenteeism -needs of the agricultural sector Indonesia 1973-83 -only 50% of the kids are in school, many villages did not have primary schools, shortage of teachers -textbooks are rare, hard to come by and expensive -modest school fees that were not affordable to many families www.notesolution.com
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