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Economics Theme 4 > Strategies Influencing Growth And Development > Flashcards

Strategies Influencing Growth And Development Flashcards

1
Q

What are some market oriented strategies influencing growth and development?

A

Trade liberalisation
FDI
Subsidy removal
Micro finance
Privatisation

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2
Q

What are some interventionist strategies influencing growth and development?

A

Human capital
Protectionism
Managed exchange rates
Infrastructure
Joint venture
Buffer stock

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3
Q

What is a buffer stock scheme?

A

They are created when the government buys up supply of agricultural products when harvests are plentiful, store them and then sell them when the supply is low.

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4
Q

What are problems with buffer stock schemes?

A

Storage is expensive
Transport to and from storage is expensive
It is difficult to analyse and control market forces

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5
Q

What are other strategies that influence growth and development?

A

Industrialisation
Development of tourism
Development of primary industries
Fairtrade schemes
Aid
Debt relief

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6
Q

What are some International Institutions?

A

World Bank
International monetary fund
NGOs

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Economics Theme 4 (21 decks)

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