27. Economic Development and Inequality Exam hint!


(a) List three indicators of economic development that you can see mentioned on this infographic.


(b) Explain how each indicator you listed can be measured to identify the economic development of a country.


(c) Explain why equality in a country is needed for development.


Explaining the indicators of economic development is not enough to answer part (c). You also need to suggest how improving these indicators will help the development of a country as a whole. For example, improving literacy rates in adults and keeping children in school for as long as possible may lead to better job opportunities in their future.


2. (a) Explain the terms ‘international trade’, ‘imports’ and ‘exports’. (b) Read the article below and answer each of the following questions:


Fairtrade works on behalf of small-scale farmers and also for workers employed on Fairtrade certified plantations. Investment of the Fairtrade monies into education, better housing, better schools and medical facilities is highly valued. These investments of the Fairtrade Premium by companies in community development projects is improving the quality of lives of rural communities. For workers, Fairtrade sets living wage benchmarks (standards) and is taking concrete steps towards decent wages for workers on Fairtrade plantations.


Exam hint!


(i) Name a product you have studied that operates under the Fairtrade Foundation.


(ii) Explain how the product you have named benefits its producers because of Fairtrade using the following headings:


 Economically  Socially  Environmentally


To answer part (ii), you can use examples you have studied for developing AND developed countries. Describe at least two indicators of economic development. Describe how money can improve the levels of the indicators you have described (you can use the information from the Ben & Jerry’s Fairtrade ice cream case study on pp. 408–409).


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