theme 4 case studies

Question 1

What is your primary product developing country example?

Answer 1

Algeria

Question 2

What percentage of Algeria’s total export revenue comes from oil and gas?

Answer 2

96%

This high reliance on the hydrocarbon sector significantly affects Algeria’s economy.

Question 3

What percentage of Algeria’s GDP is contributed by the oil and gas sector?

Answer 3

Around 30%

The hydrocarbon sector is crucial for Algeria’s economic structure.

Question 4

In 2014, what was the decline in oil prices experienced by Algeria?

Answer 4

From over US$90 to less than US$30

This decline was due to increasing supply and falling demand for oil.

Question 5

What were the budget and trade deficits in Algeria in 2014 as a percentage of GDP?

Answer 5

Over 10%

This increase in deficits highlighted the economic struggles Algeria faced.

Question 6

What is your Aid Dependant Developing Country example?

Answer 6

Jordan

Question 7

How much financial aid did Jordan receive from the US in 2018?

Answer 7

Over US$750 million

This aid is part of Jordan’s reliance on external financial assistance.

Question 8

What was Jordan’s real GDP growth rate in 2018?

Answer 8

2.8%

Despite significant aid, the economic performance remained weak.

Question 9

What was the unemployment rate in Jordan in 2018?

Answer 9

18.5%

High unemployment is one of the long-standing economic issues in Jordan.

Question 10

What percentage of GDP does Jordan’s public debt represent?

Answer 10

95%

High public debt limits the government’s capacity for investment.

Question 11

Name three long-standing problems faced by Jordan.

Answer 11

Poverty, corruption, slow economic growth

These issues contribute to Jordan’s economic struggles.

Question 12

What is your third developing example country?

Answer 12

Thailand

Question 13

What significant economic transition has Thailand made over the last four decades?

Answer 13

From a low-income to an upper-income country

Thailand is often cited as a success story in social and economic development.

Question 14

What was Thailand’s average annual economic growth rate from 1960 to 1996?

Answer 14

7.5%

This growth created millions of jobs and significantly reduced poverty.

Question 15

By how much did poverty decline in Thailand from 1986 to 2017?

Answer 15

From 67% to 7.8%

This decline indicates significant improvements in living standards.

Question 16

What social improvements have occurred in Thailand in recent years?

Answer 16

More children getting education, nearly universal health insurance

These improvements reflect the overall progress in social welfare.

Question 17

Case study 4

Answer 17

Africa

Question 18

According to the World Bank, what potential economic transformation is Africa nearing?

Answer 18

Economic take-off like China in the 1980s

This potential is based on rapid growth observed in many African countries.

Question 19

Which country was reported as the fastest growing economy in the world in 2013?

Answer 19

Ghana

Ghana’s GDP expanded by 13% that year, showcasing significant economic progress.

Question 20

How many Africans are now billionaires or millionaires, and what effect is this having?

Answer 20

More billionaires and millionaires are creating jobs and reducing poverty

This wealth distribution is impacting the broader population positively.

Question 21

What significant infrastructure developments are occurring in Africa?

Answer 21

Roads, railways, oil and gas pipelines, new ports

These developments are critical for economic growth and connectivity.

Question 22

How much did internet usage grow in Africa between 2000 and 2011?

Answer 22

2,527%

This dramatic increase reflects the continent’s rapid technological advancement.

Question 23

What has been the annual growth rate of the mobile market in Africa since 2006?

Answer 23

20% per year

This growth positions Africa as the fastest-growing mobile market globally.

Question 24

Fill in the blank: The number of people spending more than US$2 a day in Africa has _______.

Answer 24

doubled to 315 million

This statistic indicates improvements in living standards over the past 20 years.

Question 25

In Kenya, what percentage of the population uses mobile phones for payments?

Answer 25

41%

Mobile payment systems are becoming increasingly popular in Africa.

Question 26

What was the expected increase in consumption in Africa from 2008 to 2020?

Answer 26

From $869 billion in 2008 to $1.3 trillion in 2020

This growth in consumption reflects economic development and increased purchasing power.