Economic development theory
What are the internal and external causes of the resource curse? Cite a few resource abundant countries that have demonstrated that a growth collapse is not inevitable and that the Dutch disease is avoidable.
Sample Solution
Economic development theory The resource curse, also known as the paradox of plenty, refers to the failure of many resource-rich countries to benefit fully from their natural resource wealth, and for governments in these countries to respond effectively to public welfare needs. Africa, particularly Sub-Saharan Africa, is the perfect example of how abundant resource can stifle development and distract governments from the central task of ensuring long-term prosperity. The resource curse mainly occurs when a country begin to focus all of its production means on a single industry, such as mining or oil production, and neglects investment in other major sectors. At times, the resource curse can also result from government corruption. Corrupt officials abuse the wealth brought into the country instead of using it to guide the country into success. This Dutch disease can be prevented by: limiting the rise in the real exchange rate. For example, china limited its real exchange rate by purchasing US bonds to keep the value of the relatively Yuan lower.
Thus, reasonable adjustment implementation intends to stop the disabled student from suffering major disadvantage as a result of their disability and hence to permit them to accomplish their maximum potential but, in explaining ‘reasonableness’, EI are not needed to compromise ‘competence norms’. As per EA (2010), ‘competence standards’ are explained as the ‘medical, academic, or other norms applied for the purpose of assessing whether or not an individual has a specific level of ability or competence’.
According to the EHRC (2010) many of the reasonable adjustments that schools are already making for disabled pupils undoubtedly include the use of some auxiliary aids, such as coloured layovers for dyslexic pupils, pen grips, adapted PE equipment, adapted keyboards and computer software.