Economic Growth

• What objectives are being discussed in the video?

  Objectives 14 and 15
• What does objective 14 focus on?

  Solutions to economic problems in the Caribbean
• What does objective 15 explain?

  Benefits and impact of foreign investment
• What are the major economic challenges in the Caribbean?

  • Unemployment
  • Low earnings
  • Population density
  • Migration
  • Debt
  • Sourcing capital
  • Economic dualism
• How is unemployment defined?

  Willing and able to work but cannot find work
• Why is unemployment a challenge in the Caribbean?

  High unemployment rates hinder economic capacity
• What is the impact of high unemployment on the economy?

  It reduces contributions to the economy
• What is the brain drain phenomenon?

  Migration of talented individuals for better opportunities
• What economic issue is associated with low earnings in the Caribbean?

  Insufficient financial freedom for individuals
• How does population density affect the Caribbean economy?

  It can lead to underutilization or overpopulation
• What are the consequences of rural to urban migration?

  Increased urban overpopulation and related issues
• What is a major problem caused by national debt in the Caribbean?

  Diverted funds from growth to debt servicing
• What is a challenge in sourcing capital for Caribbean countries?

  Low GDP makes lenders hesitant
• What does economic dualism refer to?

  Two different economic realities within one economy
• How can foreign direct investment (FDI) benefit Caribbean economies?

  It brings capital and stimulates economic growth
• What is a potential negative impact of foreign direct investment?

  Loss of local ownership and cultural influence
• What is the role of human resource development in economic growth?

  It leads to more productive and efficient workforces
• What sector is crucial for reducing food imports in the Caribbean?

  Agriculture sector development
• Why is reliance on tourism risky for Caribbean economies?

  Tourism is affected by external factors
• What strategies can lead to economic growth in the Caribbean?

  • Foreign direct investment (FDI)
  • Human resource development
  • Agriculture sector development
  • Manufacturing and construction growth
  • Diversification of economic activities
• What is the conclusion of the video regarding section 10?

  It summarizes objectives 14 and 15
• What should viewers do if they have questions about the content?


  Leave a comment for clarification