IGCSE Development Studies: Specimen Questions with Answers 47 - 48 of 98

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Understand by Globalization

Question 47 (5 of 8 Based on Passage)

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State 2 advantages and disadvantages of Globalization

Explanation

Advantages of Globalization

  • It helps other countries share information about technological developments to developing countries.
  • Globalization makes the economy of one country dependent on the economy of other countries.

Disadvantage of Globalization

  • Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor
  • Corporate influence of nations states far exceeds that of civil society organizations and average individuals.

Question 48 (6 of 8 Based on Passage)

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Give two benefits of debt relief.

Explanation

Debt relief is the partial or total relief from debts especially to those developing countries who owe debt to external creditors. By definition “it is the reorganization of debt in any form with the aim of providing relief either partial or in full from a financial burden.” Debt relief will only be considered by the creditors if there is no other better alternative than the relief of debt

  • Debt relief helps companies to invest money into development projects such as industry.
  • Through debt relief some of the countries have used this opportunity of saving money in improving the quality of life of the people.

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