Global Economics Articles

IB Global Economics articles on trade, protectionism, exchange rates, balance of payments, and development.

Scarcity, Choice and Opportunity Cost in IB Economics

A clear introduction to scarcity, choice, opportunity cost and the core foundations of IB Economics.

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Global Economics

Global Economics in IB Economics: Trade, Exchange Rates, Development and International Connections

A clear overview of IB Global Economics, covering trade, protectionism, exchange rates, balance of payments, development and international interdependence.

Growth vs Development in IB Economics: What Is the Difference?

An IB Economics-friendly explanation of the difference between economic growth and economic development, including why growth does not always mean better welfare and why development is broader than GDP alone.

Apr 5, 2026

7 min read

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