The presence of multinational corporations (MNCs) in a low-income country always promotes economic growth in that country. Evaluate this statement.

Economics

IGCSE&ALevel

CAIE

Exam No：9708_w23_qp_42 Year：2023 Question No：4

Answer:

11.5.1.1 forms of aid

11.5.1.2 reasons for giving aid

11.5.1.3 effects of aid

11.5.1.4 importance of aid

11.5.2 trade and investment

11.5.3.1 definition of MNC

11.5.3.2 activities of MNCs

11.5.3.3 consequences of MNCs

11.5.4.1 definition of FDI

11.5.4.2 consequences of FDI

11.5.5.1 causes of debt

11.5.5.2 consequences of debt

11.5.6 role of the International Monetary Fund (IMF)

11.5.7 role of the World Bank

4.4.1 meaning of economic growth

4.4.2 measurement of economic growth

4.4.3 distinction between growth in nominal GDP and real GDP

4.4.4 causes of economic growth

4.4.5 consequences of economic growth

9.2.1 actual growth versus potential growth in national output

9.2.2 positive and negative output gaps

9.2.3.1 phases of the cycle

9.2.3.2 causes of the cycle

9.2.3.3 role of automatic stabilisers

9.2.4 policies to promote economic growth and their effectiveness

9.2.5.1 definition of inclusive economic growth

9.2.5.2 impact of economic growth on equity and equality

9.2.5.3 policies to promote inclusive growth

9.2.6.1 definition of sustainable economic growth

9.2.6.2 using and conserving resources

9.2.6.4 policies to mitigate the impact of economic growth on the environment and climate change