4.3- Emerging & DevelopingEconomies- A level Economics Edexcel Exam Questions
16 views 0 purchase
Course
Unit 4 - A global perspective
Institution
PEARSON (PEARSON)
Memorsing content can only take you so far, so use exam questions effectively to prepare yourself for the actual exam. This document will help you do so, it contains exam questions for this spec point. [A Level Economics Edexcel A, Exam Questions]
, Head to savemyexams.co.uk for more awesome resources
Question 1
In 2018, the International Monetary Fund (IMF) lent Argentina $57 billion as part of a bailout package to help prevent the
country’s government defaulting on its debts. This financial crisis also caused significant capital flight out of Argentina’s
economy.
(Source adapted from: https://www.ft.com/content/737b48bc‑c1c9‑11e8‑95b1‑d36dfef1b89a)
Explain the role of the IMF in providing financial assistance to countries such as Argentina.
[4 marks]
, Head to savemyexams.co.uk for more awesome resources
Question 2a
Trade and Development Issues in Africa
Figure 1: The Fairtrade scheme in the cocoa industry. How the additional revenue is spent by cocoa farmers.
Extract A
Cheap cocoa is costing farmers dear
The median annual income of cocoa farmers in the west African country, Ivory Coast, is just US$2 600. Research suggests
that an annual income of US$6 133 is needed for this country’s farmers to have a decent, living income. This situation is even
worse for farmers who are not part of a Fairtrade scheme.
World cocoa prices fell by more than a third in 2017. Cocoa farmers have to accept all the risk from price volatility, putting a
significant strain on their fragile incomes. On the other hand, cocoa processors and chocolate manufacturers are able to
adapt or even make high profit and consumers continue to enjoy their chocolate.
This is still happening despite considerable investment in agriculture to build a sustainable cocoa sector. The focus has been
on raising productivity and diversifying crops. The average cocoa farm in the Ivory Coast produces only around half of the
output that could be achieved with training and resources such as fertilisers, equipment and replanting. If farmers diversify
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EconomicsNoteAndExamQuestions. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.89. You're not tied to anything after your purchase.
