IGCSE Development Studies: Specimen Questions with Answers 82 - 84 of 98

Passage

Millennium Development Goals

Question 82 (6 of 7 Based on Passage)

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Explain the goals

Explanation

Millennium development goals was signed in the year 2000 September to combat various global issues through the partnership of various countries.

The Eight Millennium Development Goals Are

  • To eradicate extreme hunger and poverty.
  • To promote and achieve universal primary education
  • Promotion of gender equality and empowerment of women
  • Reduction of child mortality
  • Improving maternal health
  • To combat diseases like malaria, HIV/AIDS, and others.
  • To protect the environment and ensure sustainability of environment
  • Developing global partnership for development.

Question 83 (7 of 7 Based on Passage)

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Did MDG work?

Explanation

The Millennium Development Goals showed uneven progress. While in some countries MDGs showed progress in the health sector in others it did not. This is a proof of its failure that the goals were not experienced equally across the globe.

Question 84

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What do you understand by External debt?

Explanation

External debt or external loan is the total amount which the residents of one country owe to the other the country. In other words, it is the outstanding amount of the principal amount along with the interest by the debtor to the creditor.

  • It is the borrowing from foreign lenders through government, commercial banks, or financial institution. IMF keeps a record of a country՚s debt whereas, World Bank publishes the quarterly report on debt of a country.
  • In case of nonpayment of debts, a country faces financial crisis known as sovereign debts, Lenders of fund can withhold the assets of the borrowing nation in such cases leading to a fall in the value of the currency of the borrowing nation having an adverse effect on the growth of the economy.