Wednesday, 15 April 2015

A2: Limits to Growth and Development

A couple of good articles gere - the first one provides good real world country examples wheras the second one acts more as a revision check -e.g the foreign currency gap which may mean that an LEDC earns insufficient US dollars from their exports of primary commodities to afford imports of manufactured items plus servicing debts which they have to pay in US dollars. A weakening of their currency against the US dollar will further worsen this situation.

click on link and scroll down to article
http://www.tutor2u.net/economics/revision-notes/a2-macro-economic-growth-constraints.html

https://edecon.wordpress.com/2011/06/19/limits-to-growth-and-development/

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