ILO:
a) Economic growth
b) Low unemployment
c) Low and stable rate of inflation
d) Balance of payments equilibrium on current account
e) Balanced government budget
f) Protection of the environment
g) Greater income equality
a) Economic growth
b) Low unemployment
c) Low and stable rate of inflation
d) Balance of payments equilibrium on current account
e) Balanced government budget
f) Protection of the environment
g) Greater income equality
Macro Objectives
What does the acronym TIGERS stand for and how can it relate to the ILO above?
Explain why the Government would have each objective using only economic terms.
Explain why the Government would have each objective using only economic terms.
Macro objectives in your diagrams
How are the macro objectives inter-related on a macro diagram?
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Case studies
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Assess the importance of reducing income inequality.
(10 marks)
40 years after Thatcher: Inequality in the UK - BBC Newsnight
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Assess how important environmental protection is for a Government when seeking growth . (10 marks)
India's big challenge: Economic development vs Environmental damage
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