theme 4 case studies Flashcards
What is your primary product developing country example?
Algeria
What percentage of Algeria’s total export revenue comes from oil and gas?
96%
This high reliance on the hydrocarbon sector significantly affects Algeria’s economy.
What percentage of Algeria’s GDP is contributed by the oil and gas sector?
Around 30%
The hydrocarbon sector is crucial for Algeria’s economic structure.
In 2014, what was the decline in oil prices experienced by Algeria?
From over US$90 to less than US$30
This decline was due to increasing supply and falling demand for oil.
What were the budget and trade deficits in Algeria in 2014 as a percentage of GDP?
Over 10%
This increase in deficits highlighted the economic struggles Algeria faced.
What is your Aid Dependant Developing Country example?
Jordan
How much financial aid did Jordan receive from the US in 2018?
Over US$750 million
This aid is part of Jordan’s reliance on external financial assistance.
What was Jordan’s real GDP growth rate in 2018?
2.8%
Despite significant aid, the economic performance remained weak.
What was the unemployment rate in Jordan in 2018?
18.5%
High unemployment is one of the long-standing economic issues in Jordan.
What percentage of GDP does Jordan’s public debt represent?
95%
High public debt limits the government’s capacity for investment.
Name three long-standing problems faced by Jordan.
Poverty, corruption, slow economic growth
These issues contribute to Jordan’s economic struggles.
What is your third developing example country?
Thailand
What significant economic transition has Thailand made over the last four decades?
From a low-income to an upper-income country
Thailand is often cited as a success story in social and economic development.
What was Thailand’s average annual economic growth rate from 1960 to 1996?
7.5%
This growth created millions of jobs and significantly reduced poverty.
By how much did poverty decline in Thailand from 1986 to 2017?
From 67% to 7.8%
This decline indicates significant improvements in living standards.
What social improvements have occurred in Thailand in recent years?
More children getting education, nearly universal health insurance
These improvements reflect the overall progress in social welfare.
Case study 4
Africa
According to the World Bank, what potential economic transformation is Africa nearing?
Economic take-off like China in the 1980s
This potential is based on rapid growth observed in many African countries.
Which country was reported as the fastest growing economy in the world in 2013?
Ghana
Ghana’s GDP expanded by 13% that year, showcasing significant economic progress.
How many Africans are now billionaires or millionaires, and what effect is this having?
More billionaires and millionaires are creating jobs and reducing poverty
This wealth distribution is impacting the broader population positively.
What significant infrastructure developments are occurring in Africa?
Roads, railways, oil and gas pipelines, new ports
These developments are critical for economic growth and connectivity.
How much did internet usage grow in Africa between 2000 and 2011?
2,527%
This dramatic increase reflects the continent’s rapid technological advancement.
What has been the annual growth rate of the mobile market in Africa since 2006?
20% per year
This growth positions Africa as the fastest-growing mobile market globally.
Fill in the blank: The number of people spending more than US$2 a day in Africa has _______.
doubled to 315 million
This statistic indicates improvements in living standards over the past 20 years.
