ILO:
a) The benefits and costs of economic growth and the impact on:
o consumers
o firms
o the government
o current and future living standards
b) Factors which could cause economic growth
c) The distinction between actual and potential growth
d) The importance of international trade for (export-led) economic growth
a) The benefits and costs of economic growth and the impact on:
o consumers
o firms
o the government
o current and future living standards
b) Factors which could cause economic growth
c) The distinction between actual and potential growth
d) The importance of international trade for (export-led) economic growth
Benefits and Costs of economic growth
Assess the benefits of economic growth in India for firms and the Government? (15 marks)
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How India's Economy Is Growing At A Faster Pace Than China
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Actual v Potential growth
Explain the difference between actual and potential growth. (5 marks)
Wind energy will power every UK home by 2030, says Boris Johnson
Factors that could cause economic growth
Assess the impact of FDI into Africa for economic growth? (12 marks)
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China's investment in Africa: Everything you need to know - BBC Africa
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Is China pushing Africa into a 'debt trap'?
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Export-led economic growth
Assess the benefits of export driven growth for the Bangladesh economy. (15 marks)
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Why is Bangladesh's economy booming?
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Bangladesh garment industry accounts for 80% of exports | Money Talks
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Additional information:
Bangladesh's economic data
Bangladesh's economic data
Task:
Based upon your own research evaluate the potential of export led growth for a country of your choice. (25 marks)
Please underline or highlight within your answer where you have used independent research.
Based upon your own research evaluate the potential of export led growth for a country of your choice. (25 marks)
Please underline or highlight within your answer where you have used independent research.