ILO:

a) Market-orientated strategies:

o trade liberalisation
o promotion of FDI
o removal of government subsidies
o floating exchange rate systems
o microfinance schemes
o privatisation

b) Interventionist strategies:

o development of human capital
o protectionism
o managed exchange rates
o infrastructure development
o promoting joint ventures with global companies
o buffer stock schemes


c) Other strategies:

o industrialisation: the Lewis model
o development of tourism
o development of primary industries
o Fairtrade schemes
o aid
o debt relief

d) Awareness of the role of international institutions and non-government organisations (NGOs):

o World Bank
o International Monetary Fund (IMF)
o NGOs

Development of tourism:

Saudi Arabia to open up to foreign tourists with new visas ​

Using a country of your choice, evaluate the extent to which developing tourism can support development within an economy? (25 marks)
The changing face of tourism | The Economist
Additional resources

Industrilisation: the Lewis model

Videographic. The largest migration in history
China 30 years: 1978 - The turning point
Revealed Advantage - Global Clothing Exports 1980-2015
Made in China 2025: How China aims to be known for quality
​
The end of the Chinese miracle | FT Features
The Robot Revolution: The New Age of Manufacturing
China steel ‘zombie’ privatisation sets precedent

Importance of human capital in development:

Why might human capital development be hard in a LDC?
Vietnam is Making Big Strides in Education

International Institutions

Additional reading:
Pakistan to get $6bn IMF lifeline to ease economic crisis.

What Does The World Bank Actually Do?
IMF Support for Low-Income Countries
Question:

Evaluate the likely impact of measures which a government could take to increase the economy’s level of development. Refer to a less developed economy of your choice in your answer.

Links:
http://exportbritain.org.uk/international-directory/#ms​
https://www.theguardian.com/global-development
http://www.imf.org/external/index.htm
​http://www.economist.com/topics/economic-development

Tutor2u examples

Rwanda
Additional resources
Morocco
Additional resources
Additional resources
Additional resources
Other countries:
> Senegal