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ECO100Y1 (431)
Jack Carr (32)
Lecture

Return on Education, Sustainable Development
Return on Education, Sustainable Development

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School
University of Toronto St. George
Department
Economics
Course
ECO100Y1
Professor
Jack Carr
Semester
Winter

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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