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BBM102 Microeconomics

Question

Answered

Question:

Using key indicators from the table given in the file, plus reference to low income countries , analyze and evaluate the statement ‘Governments must assess the causes of their country’s poverty before implementing successful strategies for development.’ construct a coherent argument, which comprehensively addresses the key points of the issues. indicators for the high income country are for formative purposes, and to highlight to you the probable enormity of the gap between the between the low and high income country. some of the indicators may not be the latest one, if possible please change it to the latest one.
 

Economic Indicators

Under-Developed 

Cambodia

Developed Countries Singapore

GDP & GDP per capita

$65,233 (2019)

(a -1.44% from 2018)

$372.06B (2019)   $65,233(2019)

$373.22B (2018)   $66,189(2018)

(decline 0.31%)  (decline 1.44%)

Human Development Index

0.935 (2019)

0.581 (2018)

Life Expectancy

69.88 yrs old(2020)

69.66 yrs old (2019)

(increase 0.32%)

83.66 yrs old (2020)

83.53yrs old(2019)

(increase 0.16%)

Literacy Level

80.53% (2015) (2.47% increase from 2014)

 

97.34% (2018) Male – 98.9%

                              Female – 96.1%

2017 97.20%

0.14% increase

 

Infant Mortality Rate /Maternal Mortality rate

21.944 deaths per 1000 live births (2020)

22.829 deaths per 1000 live births

(2019)

(decline 3.88%)

1.542 deaths per 1000 live births (2020)

1.584 deaths per 1000 live births (2019)

(decline 2.65%)

Poverty rate

12.9% lives below national poverty line (2018)

 

0%

Distribution of income

 

0.452 (2019)

0.458 (2018)

(lowest value in 20 yrs)

Economic structure

Open market

Free market

urban and rural ratios

 Urban- 3,924,621 (2019)

Urban- 3,800,503(2018)

(increase 3.27%)

Rural- 12,561,921(2019)

Rural-12,449,295 (2018)

(increase 0.9%)

urban – 5,703,569 (2019)

rural- 0

Urban- 5,638,676 (2018)

Rural - 0

Annual population growth rate

16,718,965 (2020)

16,486,542(2019)

(increase 1.41%)

5,850,342 (2020)

5,804,337(2019)

(increase 0.79%)

 

BBM102 Microeconomics

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