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There are many problems facing less developed countries (LDCs) - Leaving Cert Economics - Question (b) - 2008
Question (b)
There are many problems facing less developed countries (LDCs). One of these problems is the increasing national debt. (i) State and explain three other economic pr... show full transcript
Worked Solution & Example Answer:There are many problems facing less developed countries (LDCs) - Leaving Cert Economics - Question (b) - 2008
Step 1
State and explain three other economic problems which these countries are experiencing.
Answer
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Famine: Too frequently, famine occurs resulting in disease, deaths at early age, and high medical costs, which further burdens the economy.
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Population growth: High rates of population growth strain resources, leading to increased demand for food, housing, and healthcare facilities, which LDCs often struggle to provide.
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Uneven distribution of wealth: In many LDCs, a small minority may control a large portion of the country's wealth, resulting in widespread poverty and hindered economic growth.
Step 2
State and explain two measures which the governments of LDCs could take to help solve these problems.
Answer
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Promote population control:
The government can encourage a decline in the birth rate by implementing effective economic policies and informational campaigns on family planning. This would help balance population growth with available resources. -
Improve basic infrastructure:
Developing essential infrastructure like clean water supplies, sanitation, and housing is crucial. This not only enhances the quality of life but also stimulates economic activity and employment.