Standard of living and Economic Development

Grade 12B A2

 

‘Developing countries have a low standard of living, yet many have much wealth in natural resources which multi-national companies would like to exploit.’

Discuss which is the better way of increasing the standard of living: to allow multi-national companies to exploit all the natural resources, or for the government to increase expenditure on education and health.

Time Duration for submitting the Article is 

 May 19th to 26 May,  2013 

 Write your answer here in 1000 Words. [50 Marks]

"Marks allocation will be in accordance to the Rubrics"

Note: I will give zero if your writing are not in accordance to the rubrics mentioned by me.

Measuring standard of living.

TOPIC: FOR GRADE 12B:

"There are so many difficulties in measuring living standards that we can never be sure that people in one country are better off than those in another country." 

Comment upon this statement.

Time Duration for submitting the Article is 

April 29th to May 5th,  2013 

 

Write your opinion here in 500 Words. [20 Marks]

"Marks allocation will be in accordance to the Rubrics"

Note: I will give zero if your writing are not in accordance to the rubrics mentioned by me.

Oxfam: Land sold off in last decade could grow enough food to feed a billion people:

1) Define objective of world Bank. [2] 

2) Explain the reasons of FDI in developing countries by MNC's. [6] 

3) Analyse the importance of Foreign direct investment to citizens of developing countries. [8] 

4) Using information from the article  and your knowledge of economics, discuss impact of rising FDI in the standard of living in developing countries.[10]