4.3

Question 1

market-orientated strategies

Answer 1

promotion FDI
Removal gov subsidies
floating exchange rate
trade liberalisation
privatisation
micro-finance systems

Question 2

other strategies

Answer 2

aid
development primary industries
industrialisation
development of tourism fair-trade schemes
debt relief

Question 3

interventionist strategies

Answer 3

protectionism
development human capital
joint ventures
buffer stock schemes
infrastructure development
managed exchange rates

Question 4

institutions + NGOs

Answer 4

world bank
IMF
non gov organisations
world trade organisations

Question 6

HDI

Answer 6

Measure combining
- life expectancy at birth
- adult literacy rate
- GNI per capita

Question 7

Advantages HDI

Answer 7

Clear global patterns
Other social ways considered
Increasing education and health
Improvement infrastcturr

Question 8

Limitations HDI

Answer 8

Focus on only 3 aspects development
Weightings of indicators not justified = difff results
Opp cost and value - reallocated form other projects

Question 9

Limitations HDI

Answer 9

Only focus on 3 aspects development

Ooo cost and value - reallocation may reduce imp projects

Weighting of indicators not justified = diff results

Question 10

Other indications development

Answer 10

IHDI - inequality adjusted HDI

Multi-dimensional poverty index - MPI

Genuine progress indicator - 26 category but difficult to measure e

Question 11

factors influencing economies

Answer 11

primary products
volatility commodity prices
savings gap
foreign currency gap
capital flight
infastrcture
education
debt
access to credit/banking