landlocked Flashcards
Being landlocked substantially
Being landlocked substantially increases shipping costs .
Globally, it is estimated that the shipping costs of landlocked countries are nearly
Globally, it is estimated that the shipping costs of landlocked countries are nearly twice or double or two times those of countries with coastlines.
Countries are landlocked if they are
Countries are landlocked if they are surrounded by other countries and have no coasts .
In 2009, Burundi’s $833 million debt was fully relieved. What does this mean?
In 2009, Burundi’s $833 million debt was fully relieved which meant that they now had no national debt at all.
Debt relief is when you tell someone who has
Debt relief is when you tell someone who has borrowed money from you that they no longer have to pay you back.
Debt relief is when you tell someone who has
Debt relief is when you tell someone who has borrowed money from you that they no longer have to pay you back.
What is likely to happen to spending on development following the relief of debt?
Without any national debt, Burundi has more money to spend on development. This means that they can improve education and healthcare rather than spending money paying back debt.
What is debt relief?
Debt relief is when you tell someone who has borrowed money from you that they no longer have to pay you back.
How much national debt was Burundi relieved of in 2009?
In 2009, Burundi’s debt of $833 million was fully relieved which meant they now had no national debt.
If the national debt is fully relieved, the government will not need to spend money
If the national debt is fully relieved, the government will not need to spend money paying back the debt. This means that it has more money to spend on development such as improving education or healthcare or infrastructure
If corrupt politicians swallow up all the extra money that was saved from the debt then there still be any money getting spent on .
If corrupt politicians swallow up all the extra money that was saved from the debt relief then there still won’t or will not or won’t be any money getting spent on development
Why is being landlocked a limit to economic development?
Being landlocked means that the country is surrounded by other countries and has no coast. This will increase shipping costs. High costs will force firms to keep prices high, which will make them less competitive. This means that people will demand less of their products and profit will decrease. A decrease in profit will then mean the government collects less corporation tax and has less money to spend on development.
Which of the following chains of reasoning shows how being landlocked can limit economic development?
Being landlocked means that the country is surrounded by other countries and has no coast. This will Increase shipping costs. High costs will force firms to keep prices high which will make them less competitive meaning people will demand less of their products and profit will decrease. A decrease in profit will then mean the government collects less corporation tax and has less money to spend on development.
