IB Economics Higher Level applies microeconomic, macroeconomic, global and development economics frameworks to real-world cases with quantitative analysis.
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5 sample questions on this topic.
Explain the components and calculation of the Human Development Index (HDI) as a measure of economic development.
Using real-world examples, evaluate the strengths and limitations of the Human Development Index (HDI) as a comprehensive measure of development, compared to Gross National Income (GNI) per capita.
Explain how inadequate physical infrastructure and low levels of human capital can act as significant barriers to economic development.
Using real-world examples, evaluate the extent to which institutional weaknesses and primary product dependency are the most challenging barriers for developing economies to overcome.
Explain the distinction between different types of foreign aid (e.g., humanitarian aid, development aid) and foreign direct investment (FDI), outlining how each can contribute to the economic development of a low-income country.
Using real-world examples, evaluate the extent to which foreign aid and foreign direct investment (FDI) have effectively promoted sustainable economic development in low-income countries.
Explain how the inflows of foreign aid and foreign direct investment (FDI) can contribute to the economic growth and development of a low-income country.
Using real-world examples, evaluate the effectiveness and potential drawbacks of relying on foreign aid and foreign direct investment (FDI) as primary strategies for achieving long-term economic development in developing nations.
Explain the distinction between Official Development Assistance (ODA) and Foreign Direct Investment (FDI) as sources of external finance for developing countries, and analyze how each can contribute to economic development.
Using real-world examples, evaluate the extent to which foreign aid and foreign direct investment effectively promote sustainable economic development in low-income countries.
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