051010 econ imf, world bank, and ghana 50m

Good Day!

DRAW A LINE SEPARATING TODAY & YESTERDAY1) Write: Date: 05/10/10, Topic: Global Development (Africa)2) On the next line, write “Opener #48” and then:

1) Plot your mood, reflect in 1 sent.2) Respond to the opener by writing at least 2 sentences about:Your opinions/thoughts OR/AND

Questions sparked by the clip OR/AND

Summary of the clip OR/AND

Other things going on in the news.Announcements: NoneIntro Music: Untitled

Agenda1) IMF and World Bank2) Ghana Introduction

End Goal, you will be able to…1) How do poor countries become rich?

Reminder1) No HW (Test 3 Review on next week’s tutorial)

TEST PROCEDURES1) Bubble 4 last digits

of your student ID and write your name,

period. 2) Remember to copy

“Title” from the test on to your answer sheet.

3) Write your name on the test itself, but do not write anything else on it.

4) Leave Question 1 on answer sheet blank

BEST WISHES!

TEST DEBRIEF1) Make sure your test and scantron

have been turned in. No papers, pens, pencils may be out.

2) For security reasons, your test will be voided if any electronic devices or note taking is seen during the debrief. Thank you.

QUESTIONS ABOUT THE TEST?

Work #48a, Title “How to Develop”

Effective Government (corruption)Strong Property Rights/Low CrimePublic Health/Safety RegulationsHuman Capital (education)Stable Fiscal+Monetary Policy (low gov debt/taxes, low inflation)Open/Free TradeNatural Resources

1) Put these in order, most important to least important: 1-7 (include their name).

5 Reading/Film Qs Come From These Work Sections

Notes #48a, Title: “Ghana Notes” 1) International Monetary Fund: “Bank” to loan

any country’s gov $ to bring economic stability

2) World Bank: “Bank” to help developing nation’s development, to get loan, you must:

a) Reduce gov corruptionb) Strengthen property rightsc) Reduce biz regulationsd) Open to free tradee) Reduce national debt

(gov services)

Work #48b, “World Bank/IMF Debate”1) Read the 2 sides, choose 1 side, and write

which you choose and explain why.2) Then write down what your partner thinks

(include their name at the end).1 2 3 4 5

CON: IMF + World Bank Bad1) They trap poor countries is a never ending cycle of debt2) The transfer power from their local ppl, and do nothing to support democracy, hum rights

PRO: IMF + World Bank Good1) They loan money to countries that need money

2) They pressure poor countries to make needed economic reforms

Notes #48b, Title: “Ghana Notes” 3) Ghana: 23 mil ppl, 11% unemp, $14 bil GDP, $1,500 per Capital, 4% Growth, 67% Gov Debt USA: 307 mil ppl, 10% unemp, $14.6 tril GDP,

$47,988 per Capita, 0% Growth, 94% Gov Debt

Work #48c, Title “Ghana”

1) Copy Source Title: No Reservations

2…) Discuss questions on the board with a partner. Summarize your discussion (include their name at the end). Remember participation points are deducted if off task. 5 Reading/Film Qs Come From These Work Sections

Homework: 1) No Homework