2013年11月IB经济SL真题下载-Paper2
3. Study the extract below and answer the questions that follow.
Botswana is the sixth best for investment in Africa
（1）Botswana has been ranked the sixth best foreign direct investment destination out of 45 sub-Saharan states. Botswana’s main advantages include a population with a high average level of income, good transport and other infrastructure, an efficient legal system, low corruption, low tax rates, an efficient financial sector and a good human rights record.
（2）The country also has a history of strong economic growth, democracy and prudent economic management, as well as low political risk. It is one of Africa’s most stable countries and it is the continent’s longest continuous multi-party democracy. On the other hand, wages are high relative to productivity, there is excessive bureaucracy, high HIV prevalence, insufficient skills in the workforce and high income inequality.
（3）Botswana is the world’s biggest producer of diamonds, which accounts for nearly half of the government’s revenue and over a third of its GDP. Botswana’s government has invested this revenue wisely in infrastructure.
（4）Diamond production may be exhausted by 2030 so the government is promoting the diversification of the economy. The government is considering different supply-side policies to encourage industrial development.
（5）Despite the impressive progress in per capita income, rates of poverty and inequality are still high.
（6）Botswana’s government is progressing well with the implementation of policy reforms required to meet the Millennium Development Goals (MDGs) by 2015. Significant progress has been made in education and in health through considerable investments that the government has made to improve human capital.
(a) (i) Define the term foreign direct investment indicated in bold in the text (paragraph （1）).
(ii) Define the term diversification indicated in bold in the text (paragraph （4）).
(b) Explain two reasons why multinational corporations (MNCs) may have been attracted into Botswana (paragraphs（1）and（2）).
(c) Explain two possible benefits for economic development of the Botswana government’s investment in infrastructure (paragraph （3）).
(d) Using information from the text/data and your knowledge of economics, evaluate possible supply-side policies that the Botswana government could use to achieve economic development.
2013年11月IB经济SL真题余下省略！
你可能还关注