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‘An extra €13 million is being spend by the Irish government towards increasing the overseas development aid budget.’ (Source: The Irish Times, October 2017) (i) Outline two characteristics of Less Developed Countries (LDCs) - Leaving Cert Economics - Question c - 2018
Question c
‘An extra €13 million is being spend by the Irish government towards increasing the overseas development aid budget.’ (Source: The Irish Times, October 2017) (i... show full transcript
Worked Solution & Example Answer:‘An extra €13 million is being spend by the Irish government towards increasing the overseas development aid budget.’ (Source: The Irish Times, October 2017) (i) Outline two characteristics of Less Developed Countries (LDCs) - Leaving Cert Economics - Question c - 2018
Step 1
Outline two characteristics of Less Developed Countries (LDCs).
Answer
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High Population Growth Rates: Many LDCs experience substantial population growth, which can strain economic resources and infrastructure, leading to challenges such as unemployment and inadequate healthcare.
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Low Life Expectancy: LDCs often have a low life expectancy due to factors such as poor healthcare, high infant mortality rates, and inadequate access to necessary medical services.
Step 2
Describe two types of aid, other than financial aid, which can be provided to LDCs.
Answer
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Technical Assistance: This includes sending experts to LDCs to help improve local capacities in various sectors such as agriculture, education, and health services.
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Emergency Aid: Providing aid during natural disasters or crises, such as food and shelter, which helps LDCs address immediate humanitarian needs without involving financial transactions.
Step 3
Outline two reasons why financial aid may not always help LDCs resolve their difficulties.
Answer
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Unfair Distribution of Wealth: Often, financial aid does not reach those in need due to corruption or mismanagement, ensuring that only a small elite benefits from the aid.
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Dependency Culture: Continuous financial aid may lead to a dependency culture, reducing incentives for local entrepreneurship and self-reliance, which are critical for sustainable development.