Edexcel A Level Economics A
Edexcel A Level Economics A 4.3 Emerging and Developing Economies Exam Questions
Free Edexcel A Level Economics A exam questions on 4.3 Emerging and Developing Economies, with mark schemes. Covers measures of development, barriers to growth and strategies for development.
4.3 Emerging and Developing Economies exam questions
1 question pack of real past exam questions with its mark scheme. Answer every question without notes, then mark your answers line by line against the mark scheme.
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Edexcel A Level Economics A 9EC0 Flashcards (Anki & Quizlet)
Every answer is written in mark scheme wording, so you learn exactly what examiners give marks for. Use them on Anki or Quizlet, then test yourself with the questions on this page.
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About Edexcel A Level Economics A 4.3 Emerging and Developing Economies
4.3 looks at why some economies grow and develop faster than others. Essay questions ask you to evaluate market-orientated and interventionist strategies.
What you need to know
- Measures of development The Human Development Index (income, education and life expectancy), its advantages and limits, and other indicators.
- Factors influencing growth and development Primary product dependency, commodity price volatility, savings gap (Harrod-Domar model), foreign currency gap, capital flight, demographic factors, debt, access to credit, infrastructure, education, poor governance and corruption.
- Strategies Market-orientated: trade liberalisation, FDI, removal of subsidies, floating exchange rates, microfinance, privatisation. Interventionist: infrastructure, human capital, protectionism, managed exchange rates, joint ventures, buffer stocks. Other: industrialisation, tourism, primary industries, fairtrade, aid, debt relief.
- Role of institutions The World Bank, the IMF and non-governmental organisations.
Common mistakes in 4.3 Emerging and Developing Economies
- Treating economic growth and economic development as the same thing.
- Listing strategies without evaluating them for a specific type of economy.
- Forgetting that HDI excludes inequality and the environment.
- Saying aid always helps development without considering dependency and corruption.
Try three 4.3 Emerging and Developing Economies exam-style questions
1. State the three components of the Human Development Index. (3 marks)
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Income (GNI per capita at PPP) (1), education (expected and mean years of schooling) (1), health (life expectancy at birth) (1).
2. Explain how primary product dependency can limit growth. (3 marks)
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Commodity prices are volatile (1), so export earnings and incomes fluctuate (1), making planning and investment difficult, and terms of trade may decline over time (1).
3. Explain one advantage of microfinance for a developing economy. (2 marks)
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It gives small loans to people without access to banks (1), allowing them to start businesses and raise their incomes (1).
4.3 Emerging and Developing Economies FAQs
What does Edexcel A Level Economics 4.3 cover?
Measures of development, factors influencing growth and development, strategies to promote growth and development, and the roles of international institutions.
What is the Harrod-Domar model?
It shows that growth depends on saving and the productivity of capital. A savings gap limits investment and so limits growth.
How should I structure a development strategy essay?
Explain how the strategy works, apply it to the type of economy in the question, then evaluate costs, risks and alternatives.
Revise this topic with flashcards: Edexcel A Level Economics A 9EC0 Flashcards, with mark scheme answers for Anki and Quizlet.
