APPLIEDREGIONALAND RURALECONOMICDEVELOPMENT
ARR720S
Question 1
a) What is the primary focus of Regional Economic Development?
(2)
(i)
Maximising corporate profits within specific industry
(ii)
Promoting economic growth and stability within a particular geographic area
(iii) Encouraging international trade agreements
(iv) Reducing government intervention in the economy
b) Why is it important for regional and rural development strategies to be tailored to
specific local contexts?
(2)
(i)
To impose uniform policies across divers regions
(ii) To encourage competition among regions
(iii) To address unique challenges and capitalise on local resources
(iv) To prioritise the interests of urban areas over rural communities
c) Which of the following is a direct role of local government in promoting small business
development?
(2)
(i)
Providing venture capital
(ii)
Enforcing zoning and land use regulations
(iii) Issuing business licenses and permits
(iv) Investing in multinational corporations
d) Which of the following is NOT typically considered a factor influencing Rural Economic
Development?
(2)
(i)
Access to healthcare and education
(ii) Availability of natural resources
(iii) Density of urban population
(iv) Infrastructure development
[8]
Question 2
a) Distinguish and furnish example of each, between comparative and competitive
advantage.
(4)
b) The Namibian policy framework approach on SME development is based on activities and
initiatives in the fields of; (i) De-regulation & Incentives and (ii) Pro-active Programmes.
Outline at least 6 activities and initiatives covered under each field.
(12)
[16]
First Opportunity Examination Question Paper
2 of 4
June 2025