News Article Comprehension 10

Why do countries with abundant natural resources often underperform in economic growth and development?

• Because they lack the necessary infrastructure for resource extraction

• Because they face challenges in managing and distributing their resources effectively

• Because they prioritize resource extraction over other sectors of the economy

• Because they have limited access to international markets

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What can prevent leaders from taking necessary actions for their country?

• Economic constraints

• Social constraints

• Political constraints

• Technological constraints

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What are some challenges faced by countries with conflict or corruption?

• Lack of natural resources

• Political instability

• Lack of education

• High population growth

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How did Singapore finance its early development efforts in the 1960s and 1980s?

• By relying on loans from international financial institutions

• By extracting and selling abundant natural resources

• Through foreign aid and grants

• Through revenue generated from export-led industrialization

Answer explanation

The article mentions that Singapore took up loans from the World Bank and Asian Development Bank from the 1960s to the early 1980s to finance its development.

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What is the recommended approach for public investment in reskilling, as per the article?

• Increasing spending without careful research

• Directing most funding toward industry-led training

• Focusing on subsidizing as many courses as possible

• Careful research to inform the design and delivery of training for effectiveness and value-for-money

Answer explanation

The article suggests that public investment in reskilling should be directed toward enhancing employability through industry-led training or subsidized courses, with careful research to ensure effectiveness and value-for-money.

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