Assignment; IPE (videos review from

ted talks)
Submitted by; (Najeeb ullah)(BSC
ECOnomics 2016-2020)

How we can make the world a better

place in 2030.

In this video A Michael green gave a ted talk about the

plane that how we can end the hunger and poverty ,halt
climate change and how to achieve gender equality in the
next decade.
 His non-profit partnered with the UN to create the
People's Report Card, which tracks every country's
progress. The Social Progress Imperative and the UN
hope to keep world leaders accountable in meeting the
Goals by 2030.
The People's Report Card uses data from the Social
Progress Index, an annual measure of national progress
in areas like safety, health, and personal rights.
The Index includes the UN's 17 Global Goals and further
breaks them down into 169 targets, including basic
nutrition and medical care, clean water, and access to
education. The organization gives every country a score
on scale of 0 to 100
The UN is tracking progress over time, in hopes that the
world will hit an Index target of 75 in 15 years.
That target seems a bit unrealistic, but Green reminds us
the world has a great track record. In 2001, the UN set a
goal to cut global poverty in half, from 36% to 18% by
2015. We not only hit this target — we exceeded it. Global
poverty, defined as people who live on less than $1.25 per
day, will drop to 12% by the end of this year.
The Global Goals have been met with some criticism. The
Economist recently called the 169 targets "sprawling and
misconceived," and estimated their price tag at $2 to $3
trillion per year. Another critic deemed them "a high-school
wish-list for how to save the world."

But Green says we might as well try. "The pessimists

and the doomsayers who say the world can't get better are
simply wrong," he says.
However, progress doesn't come from improving the
global economy. If the world meets the UN's predictions of
wealth by 2016, it will only increase the global Index score
by 1.4 points.

The Michael green further say that the, Global wealth

actually makes very little impact.The answer lies in policy
that guarantees basic human rights.
In 2016, the UN will start giving countries annual report
cards that show their progress. The organization hopes it
will pressure countries around the world to meet the goals.
," Green says. "Let's choose the world that we want."

"If we prioritize the well-being of people, we can get to

these global goals.

2.
 The hidden force in global economics;
sending money home.

In this TED TALK video the presenter Dilip ratha talking about the
money that sent by the international migrant to their home this
money known as remittances.
He mentioned that in 2013 , the international migrant sent 413
dollar to their home and to their families and friend which is three
times more than in the total of global foreign aid
Economist dillip ratha describe the promise of these dollar
wrapped with love and analyzes how they are stifled by practicle
and regulatory obstacles.

Over the past few centuries, the world has become increasingly
globalized. Immigrants are pouring into developed countries like the
US, where many jobs pay higher rates than in their home markets.

As migrants shuffle around the globe, they have family members and
friends back home who they continue to support through cross-border
money transfers, called remittances

In a new report from BI Intelligence, we size the total remittance

market, the countries on both the send and receive sides that
dominate remittance volume, and how remittances differ depending on
payment mechanisms. We also look at the top challenges faced by
remittance companies and what factors digital-first remittance startups
are capitalizing on to disrupt the traditional remittance model.

 Remittances — primarily payments sent by foreign workers to

their relatives back home — is a massive global industry that digital
players are just beginning to disrupt. $583 billion was remitted globally
in 2014, according to estimates from the World Bank.
 The remittances industry is a highly imbalanced one, with certain
countries dominating send volumes and others dominating receive
volumes. The US sent 22% of global remittance volume last year, and
India received 12% of global remittance volume.

 Different types of companies offer remittances, but it is money-
transfer operators (MTOs) that primarily focus on these cross-border
transfers. Banks actually dominate the remittance market, while
MTOs, including Western Union and MoneyGram, have about half as
much market share as financial institutions.

 Digital players are finding an opportunity to update the
remittance model and gain a foothold in this industry by lowering
overhead costs and passing savings on through lower fees. Digital-
first MTOs use mobile and online channels to send money, bypassing
costly agent-send networks. They also use more efficient and cost-
effective computer modeling to meet compliance standards.

in the last the dillip ratha says that,remittances empower people ,we
must do all we can to make remmitances and recruitment safer and
cheaper. And it can be done