APPLICATION

Question 1

What is the UK minimum wage? (National living wage for those 23 and over)

Answer 1

£10.42

Question 2

Debt - Greece: What had Greeces debt to GDP ratio reached by 2000 because of persistent structural deficits?

Answer 2

103%

Question 3

When was the sovereign debt crisis in Greece?

Answer 3

2009

Question 4

What does Dambisa Moyo say about Aid?

Answer 4

“correlated with corruption, fosters dependency and instils beaucracy that hinders the emergence of an essential entrepreneurial class”

Question 5

What does Jeffery Sachs argue about mosquito net aid in contradiction with Dambisa Moyo?

Answer 5

aid can provide goods and services people wouldn’t otherwise have access too - for example chemically treated mosquito nets. there is overwhelming evidence to support this with a 51% reduction in mosquito deaths in children.

Question 6

What is an example of a firm reimagine the landscape of aid, giving cash unconditionally and directly to those in poverty?

Answer 6

Give directly

Question 7

What is the problem with give directly?

Answer 7

No big infrastructural changes occur

Question 8

How high are interest payments on micro finance loans in Mozambique?

Answer 8

30-35%

Question 9

What is Paul Rodan’s Aid aeroplane analogy?

Answer 9

“Launching a country into self-sustaining growth is like getting an airplane off the ground.” - assistance doesn’t need to be indefinite