Development economics

Table of Contents

1. Topic pack - Development economics - introduction
2. 4.1 Economic development (notes)
3. 4.1 Economic development (questions)
4. 4.2 Measuring Economic Development (notes)
5. 4.2 Measuring development (questions)
6. 4.3 The role of domestic factors in economic development (notes)
7. 4.3 The role of domestic factors in economic development (questions)
8. 4.4 The role of international trade (notes)
9. 4.4 The role of international trade (questions)
   1. Short answer questions
   2. Data response (1)
   3. Data response (2)
   4. Long answer questions
10. 4.5 The role of Foreign Direct Investment (FDI) (notes)
11. 4.5 The role of foreign direct investment (questions)
12. 4.6 The role of foreign aid and multilaterial development assistance (notes)
13. 4.6 The role of foreign aid and multilateral development assistance (questions)
14. 4.7 The role of international debt (notes)
15. 4.7 The role of international debt (questions)
16. 4.8 The balance between markets and intervention (notes)
17. 4.8 The balance between markets and intervention (questions)
18. Print View

Long answer questions

Question 1

(a) Discuss the advantages and disadvantages for developing countries of signing (i) bilateral trade agreements and (ii) regional trade agreements.
(b) Choose a specific regional trade agreement and assess the impact it has had on the member countries.

Question 2

(a) Explain what is meant by the 'terms of trade' and describe how a country's terms of trade index, is calculated.
(b) Using specific examples, discuss the effect of changes in the world prices of primary commodities on a developing country's terms of trade.

Question 3

Using examples for illustrative purposes, evaluate the arguments for and against import substitution and export promotion, as part of a developing country's trade policy.