Essay 1 by Daniel Cottrell https://padlet.com/dcottrell2/aobnmctjyq3v Made with the strength to succeed en-us 2019-01-17 10:40:47 UTC 2026-02-10 23:59:03 UTC hello@padlet.com Explain how and why the resource curse may develop in an economy dcottrell2 https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321616848 2019-01-17 11:03:47 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321616848 Resource curse occurs when a country has abundance of natural resources, but have not efficiently used them. https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321617731 2019-01-17 11:07:48 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321617731 The resource curse is when a country has an surplus of natural resources which are not in great demand. This can lead to low economic growth and allocative efficiency. https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321617735 2019-01-17 11:07:49 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321617735 economic development is a https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321618211 Economic development reflects the socio-political and economic progress of a country, including advancements in the quality of health, education and social freedom]]> 2019-01-17 11:09:38 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321618211 https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321619248 The resource curse happens when a country strongly rely on their natural resources]]> 2019-01-17 11:13:48 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321619248 Essay2 dcottrell2 https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321620572 Discuss the extent to which governments of all LEDCs should encourage inward FDI]]> 2019-01-17 11:18:41 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321620572 https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321621341 A less economically developed country is one with a lower GDP and standard of living than a MEDC, which particularly stems from lower quality health, education and life expectancy.]]> 2019-01-17 11:21:22 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321621341 https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321621647 FDI is foreign entity investing or purchasing goods and services from domestic industry, which will encourage LEDCs economy by reducing unemployment rate , improving infrastructure.]]> 2019-01-17 11:22:30 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321621647 In order to encourage economic development in LEDC’s, Foreign Direct Investment would help to improve infrastructure, factor mobility, and would decrease reliance on the volatile primary sector of production. https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321621913 2019-01-17 11:23:39 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321621913 Inward Foreign Direct Investment is the investment by foreign firms to a country, which could help the supply side growth of that country as well as create jobs. https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321621955 2019-01-17 11:23:51 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321621955 This is when a large firm usually one from a MEDC sets up a firm in a LEDC. This can be beneficial as it can be a source of government revenue through taxation which can be invested to improve infrastructure which https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321622317 2019-01-17 11:25:26 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321622317 https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321623089 leave or remain?]]> 2019-01-17 11:28:50 UTC https://padlet.com/dcottrell2/aobnmctjyq3v/wish/321623089