Economics Unit 4 Development 0.0 / 5 ? EconomicsGlobalisation and tradeGovernment intervention in marketsMacroeconomic indicatorsA2/A-levelEdexcel Created by: Chloe BuddCreated on: 11-05-14 17:51 What is an example of an inward looking development strategy? Import substitution 1 of 14 What is a disadvantage of fair trade schemes? Encourages dependency 2 of 14 What is it called when a country is dependent on the export of one commodity? Primary product dependency 3 of 14 What does the Lewis model depict? Industrialisation 4 of 14 What model describes the savings gap? Harrod-Domar 5 of 14 What country has developed on the basis of primary product dependency? Chile 6 of 14 What is an example of an outward looking strategy? Trade liberalisation 7 of 14 What is an advantage of developing based on tourism? FDI from hotel chains 8 of 14 Why is the savings gap a limit on growth and development? It prevents investment in capital 9 of 14 What type of aid has to be paid back? Tied aid 10 of 14 What effect would debt cancellation have on developed countries? Shareholders would carry some of the burden 11 of 14 What is it called when government seeks to further its own interest rather than that of the people? Corruption 12 of 14 What can overfocus on one sector of the economy cause in terms of development? Sectoral imbalance 13 of 14 Microfinance tends to be given to which group? Women 14 of 14
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