NATIONAL & GLOBAL ECONOMY:
THE POWER OF CONSUMERS
What you need to know...
- Consumers are becoming increasingly aware of the origin of the products they purchase; choosing products which are ethical (i.e. their production and transport does not harm humans, animals and the environment)
- Ethical spending on goods which are fair trade, environmentally friendly, locally produced and organic, is on the rise
- With the help of social media (check out the Ethical Consumer website) consumers are using their collective spending power (economic vote) to influence the decisions of firms in the UK and around the globe
- Fair Trade?
The role of the UK Government in reducing world poverty
- The UN Target for overseas aid is 0.7% of a country's Gross National Income - did the UK meet this target in 2012 (check below)
- The UK government is committed to reducing world poverty, but there are some myths surrounding overseas aid- see both graphics below!
- Some people argue that overseas aid does not necessarily lead to growth in the country it is sent to - watch the video below!
- Can the UK government and its population shape the future? - watch the video below