Using named examples, assess the advantages and disadvantages of top down and bottom up development strategies (15 marks) Development is the ways in which a country seeks to develop economically and to improve the standards of living for its inhabitants. Numerous development strategies both top down and bottom up can be used by countries to help them progress. However, while these may be advantageous in certain areas, not all strategies are as effective everywhere and thus problems can arise with top down and bottom up development schemes. Top down strategies are generally capital-intensive and often conducted by the government. The main criticism of these schemes is the fact that the money which is supposedly meant to aid the poorest people in the country who are most in need is actually diverted to those who are richer instead.
The long-term provision of large quantities of food may force down domestic prices and make matters worse for domestic farmers. It could be considered better for farmers to have a reduction in the subsidies given to farmers in the developed countries. 6. Continued dependency on aid means there is little incentive to be innovative and people develop a welfare mentality. 7.
This increased openess allows countries to specialise in producing goods which they have a comparitve advantage in (this means they can produce goods at lower unit costs) A multinational Company is a corporation that has its facilities and other assets in at least one country other than its home country. There are many examples of MNC's such as Nike or Primark. MNC's play a massive part in the development of globalisation as they often invest heavily into the country they move into. They will build good quality factories to produce the goods and also introduce effective manufacturing methods. These manufacturing methods can be replicated by other businesses in the countries and improve their ability to manufacture goods.
'International aid brings both benefits and problems for a country trying to develop its economy' with the aid of named examples evaluate this view. (30 marks) International aid can bring many problems to a country in need of development, this is usually through the ill-use, ill-deployment and abuse of International aid by both the donor countries and the recipient countries. However, effective aid brings more benefits to developing countries than problems is the aid is properly allocated to the area most in need and the aid is not ties so that it benefits the donor. International aid can bring problems to a developing country as it can be an obstacle to development and can provide other problems put forward by the political right. Aid can become an obstacle to development because of the tied nature of much aid, which benefits the donor country more than the recipient, in economic terms.
The U.S. can help along with other strong counties. We are a nation and if one a country is need of help then other countries should give it. It is the country’s leader’s job to work out and resolve problems with other countries. Haiti’s government isn’t much of a help when it comes to agriculture. Foreign organizations provide more technical assistance
The textbook says, “Storms, insect infestations, and drought affect agricultural production and thus the supply of agricultural goods. If something destroys a substantial part of an agricultural crop, the supply curve will shift to the left.” (Principles of Economics) When a substitute for any product becomes less expensive, the product will see a shift in demand. “In general, if a reduction in the price of one good increases the demand for another, the two goods are called complements. If a reduction in the price of one good reduces the demand for another, the two goods are called substitutes. These definitions hold in reverse as well: two goods are complements if an increase in the price of one reduces the demand for the other, and they are substitutes if an
With Pakistan having such a low GDP it ‘s we see a large percentage of their population working in agriculture making crops etc. very important to their lives. Cumbria still lies at a big disadvantage and risk to flooding due to its urbanization, which Pakistan has little of. Due to Cumbria’s large economic advantages many factors are added which can increase flooding such as the large areas of impermeable pavements causing reduced lag time. Other factors can include Gutters and Drains quickly taking water to the rivers.
Running head: Illegal Immigration and The Economy 1 Illegal Immigration and The Economy Courtney J. Jarrett Florida Institute of Technology Introduction to Macroeconomics August 2014 Running head: Illegal Immigration and The Economy 2 Abstract Illegal immigration has both negative and positive effects on diverse parts of the economy. The economic costs and benefit of illegal immigration are staggering and are very difficult to determine indefinitely. Currently, the nation is torn between two arguments on whether the benefits outweigh the cost of illegal immigration. Advocates of illegal immigration argue that it lowers prices for labor (agricultural produce, construction, etc.) that advance the social and economic development
This means that they will hold food back and other items people need. We are over populating the world making it harder and to survive with food shortage in villages and natural disasters. 5. Suppose you wanted to study the environmental impacts of a rich versus a poor country. What factors would you examine, and how would you compare them?
When analyzed, ads can be seen as a way to assist countries in a lot of diverse ways. First, advertisements need people to generate them, which open up job opportunities. Second, they also provide money for newspapers, magazines, radio, and websites that solely run on the money gained from advertising to the people. Third, it educates about how to use a