Development
- Created by: mearyandesai
- Created on: 06-04-21 16:13
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- Development
- Historical
- Europeans started arriving in Ghana in 1741 to get resources e.g. gold and slaves
- The price of cocoa has fallen. In 2000, the price was only one third of its price in 1980.
- Environmental
- In the south, a lot of rainforest has been destroyed deforestation
- Socio-economic
- Ghana has borrowed a lot of money, and is struggling to repay the interest.
- Why are countries LICs?
- What are the consequences of becoming a NEE?
- MNCs locate factories in poorer countries because MNCs can be richer than the country they move to.
- Cons
- 80% of products are manufactured by suppliers in LEDCs
- Profit goes to the Headquarter country.
- MNC companies can change the country they got supplies from at any times
- Pros
- The government receives more faces from MNCs and can build more schools and hospitals.
- 95% of products are sold in the USA, UK ad Western Europe.
- Attracts other industry
- Health and safety regulations may be ignored.
- Historical
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