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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) O... 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: LDCs often experience a high population growth rate, leading to increased pressure on resources and public services.
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Low Life Expectancy: Many LDCs have low life expectancy rates due to factors such as poor healthcare, malnutrition, and lack of access to clean water.
Step 2
Describe two types of aid, other than financial aid, which can be provided to LDCs.
Answer
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Aid through Voluntary Agencies: Non-governmental organizations (NGOs) provide assistance like education and healthcare support to communities in LDCs without direct financial transfers.
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Technical Assistance: This includes the provision of expertise and technology from developed nations or organizations, aimed at improving local capacities and facilitating sustainable development.
Step 3
Outline two reasons why financial aid may not always help LDCs resolve their difficulties.
Answer
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Unfair Distribution of Benefits: Financial aid can lead to increased inequality, as aid may be concentrated in the hands of a small elite, leaving the majority of the population in poverty.
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Cultural Dependency: In some cases, reliance on foreign aid may create a dependency culture, undermining local efforts to improve self-sufficiency and leading to issues in governance and economic independence.