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Economics Class

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Yemen Presentation Transcript

  • 1. By Emma Jones, Kate Jones, Emma Roberts, Sammi Watson, Sophie Elstrott
  • 2. ★Yemen won independence from Britain after eight years of civil war and two years of Marxist-guerilla warfare.
  • 3. ★Yemen won independence from Britain after eight years of civil war and two years of Marxist-guerilla warfare. ★Yemen became the People’s Democratic Republic of Yemen in 1970.
  • 4. ★Yemen won independence from Britain after eight years of civil war and two years of Marxist-guerilla warfare. ★Yemen became the People’s Democratic Republic of Yemen in 1970. ★Yemen has a population of about 20 million people.
  • 5. ★Yemen won independence from Britain after eight years of civil war and two years of Marxist-guerilla warfare. ★Yemen became the People’s Democratic Republic of Yemen in 1970. ★Yemen has a population of about 20 million people. ★The current President of Yemen is Ali Abdullah Saleh.
  • 6. ★Yemen won independence from Britain after eight years of civil war and two years of Marxist-guerilla warfare. ★Yemen became the People’s Democratic Republic of Yemen in 1970. ★Yemen has a population of about 20 million people. ★The current President of Yemen is Ali Abdullah Saleh. ★Major exports include oil, honey and coffee
  • 7. ★Illegal imports (smuggling)
  • 8. ★Illegal imports (smuggling) ★General health of population is extremely poor
  • 9. ★Illegal imports (smuggling) ★General health of population is extremely poor ★Dearth of government financing
  • 10. ★ International Monetary Fund ★Suspended financial aid due to Yemen’s failure to meet the fiscal policy they proposed to reduce deficits and increase revenue ★ World Trade Organization ★Yemen is currently trying to become a member of the WTO ★World Bank ★Has given support to Yemen since 1991 ★Supervises price reforms ★Is aiding Yemen in: health, education, water resource management, infrastructure and public sector management ★Proposed to cut 1/3 of the $2.4 billion support package if economic reforms are not seen in Yemen
  • 11. Step 1: Export-led Growth Goal: Export more oil and honey More exports would: • Increase Yemen’s revenue • Decrease Yemen’s large current account deficit • Cause economic growth/increase GDP (Growth domestic product)
  • 12. Step 1: Export-led Growth Goal: Export more oil and honey More exports would: • Increase Yemen’s revenue • Decrease Yemen’s large current account deficit • Cause economic growth/increase GDP (Growth domestic product) LRAS SRAS Price Level P2 P1 AD AD Y1 Y2 Growth Domestic Product
  • 13. Step 1: Export-led Growth Step 2: Government Subsidies Goal: Export more oil and honey Goal: Give money to poor for start of small businesses More exports would: • Increase Yemen’s revenue Subsidy: a sum of money granted by the • Decrease Yemen’s large current account deficit government or a public body to assist an industry • Cause economic growth/increase GDP or business so that the price of commodity or (Growth domestic product) service may remain low or competitive LRAS SRAS Subsidies would: • Provide job opportunities, decreasing Price Level unemployment rate • Increase supply of domestic products, making P2 them cheaper than contraband • Assist development P1 AD AD Y1 Y2 Growth Domestic Product
  • 14. Our solution addresses the U.N. Millennium development goals number 4 and 5
  • 15. Our solution addresses the U.N. Millennium development goals number 4 and 5 Goal #5: Improve maternal health Goal #4: Reduce child mortality
  • 16. Our solution addresses the U.N. Millennium development goals number 4 and 5 Goal #5: Improve maternal health Goal #4: Reduce child mortality Subsidies would increase the standard of living of the Yemenites.
  • 17. Honey treats most diseases in Yemen. One study “found that the sticky substance eliminated the need to re- stitch wounds and expose the patients to additional surgery” (Yemen Observer Newspaper). Yemen produces about 1,706 tons of honey a year. Increasing the honey exports bring in millions in revenue for Yemen.
  • 18. Honey treats most diseases in Yemen. One study “found that the sticky substance eliminated the need to re- stitch wounds and expose the patients to additional surgery” (Yemen Observer Newspaper). Yemen produces about 1,706 tons of honey a year. Increasing the honey exports bring in millions in revenue for Yemen. Enjoy a honey stick on us, and experience Yemen’s cultural healing power!