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Empowering people is a way of linking economic growth with human development - Leaving Cert Geography - Question 14 - 2020
Question 14
Empowering people is a way of linking economic growth with human development. Discuss this statement with reference to any two of the following: • National debt • Ai... show full transcript
Worked Solution & Example Answer:Empowering people is a way of linking economic growth with human development - Leaving Cert Geography - Question 14 - 2020
Step 1
Discussing National Debt
Answer
National debt can inhibit economic growth due to high interest payments and reduced public spending on essential services. By empowering people through education and skill development, nations can enhance productivity and economic stability, thus potentially reducing reliance on debt. Moreover, a well-educated workforce can foster innovation and attract investments, leading to lower national debt levels.
Step 2
Discussing Aid Programmes
Answer
Aid programmes, when designed effectively, can empower individuals by providing essential resources for education, healthcare, and self-sustainability. For instance, microfinance initiatives can enable individuals to start businesses, enhancing their economic prospects and contributing to overall economic growth. Furthermore, well-structured aid can address systemic inequalities, ensuring that all segments of society benefit from economic growth.