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Data Response 4.7

$4.3 billion debt hurdle in face of 2011/12 budget 1. Distinguish between ‘internal’ and ‘external’ debt. External debt exists when the debt is contracted in a foreign currency, and when a country borrows from bankers abroad. On the other hand, … Continue reading

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Data Response M4.6

Asian countries fear drop in aid funding from Japan 1. Distinguish between foreign aid and foreign direct investment. Foreign aid involves official aid and unofficial aid. Official foreign aid is when the aid is administered by the government or government … Continue reading

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Data Response K4.5

Upwardly mobile Africa: key to development lies in their hands 1. Explain how improving infrastructure, like establishing mobile phone networks, can help to improve the rate of economic growth. Improved infrastructure will help improve the rate of economic growth. Firstly, … Continue reading

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Data Response I4.4

Doha Trade Round Faces Risk of Collapse after 10years of Talks 1. Describe the role of the World Trade Organization The World Trade Organization (WTO) is an international body founded in 1995 to promote international trade and economic development by … Continue reading

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International Economics Definitions

Factor endowments are the factors of production that a country has available to produce goods and services. Specialization exists where a country specializes in the production of goods and services where they have comparative advantage in production. They will then trade to … Continue reading

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Data Response G4.3

Banks Making Big Profits From Tiny Loans    1.Explain how a microcredit system works. Microcredit systems are the extension of small loans to poor borrowers. They exist to spur entrepreneurship, increase incomes, and alleviate poverty, which in the end is … Continue reading

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Data Response E4.2

The Secrets of Cuban Medicine   1.Identify the indicators of development the article identifies as priorities for the Cuban government. The quality of health care as well as how easy it is to access them.   2. Examine the evidence … Continue reading

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