LDCs
- Created by: Charlie Davies
- Created on: 21-05-14 12:36
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- LDC's
- The countries were outlined by the UN and of the top 50 33 are in Sub-Saharan Africa
- Defined by the following
- Human Resource weakeness, nutrition,health, education and literaccy
- Low Incomes ($800GDP per capita over 3 years)
- Economic vulnerability-- shown by signs of dependency on one industry
- many of them suffer from widespread conflict, disease, geographical disadvantages, urbanisation and fast urban growth
- Quality of Life
- most of population cannot afford basic immunities
- Resources of such countries are not evenly distributed
- High population growth rate means that numbers living in extreme poverty increasing
- many depend on FDI
- Debt
- 1970's onwards some countries found themselves in debt crisis as borrowed large amounts from developed world
- breaking free of poverty can only ever be a vision
- policies put in place by the IMF and World Bank to help free the HIPCs
- provided debt relief and interest free loans
- SAPS; Structural adjustment programmes
- government spending cutbacks to fund debt repayments
- 3main aims
- Reduce government spending
- Promote Exports
- Encourage foreign investment
- Some success but could make it worse due to:
- food production failing
- Devaluation of currency leads to dramatic rise in prices
- Less spending on health and education by government
- MDRI: Multi Debt Relief Initiatiev
- aim to cancel debt of HIPCs
- Social Problems
- Lack of income, healthcare, education and sanitation
- Millennium Development goals were set up to help countries out of poverty cycle
- Millennium 8 Goals by 2015
- Eradicate extreme poverty and hunger
- Achieve universal primary education
- Promote gender equality and empower women
- Reduce child mortality
- Improve maternal health
- Combat HIV/AIDS and Malaria
- Ensure environmental sustainability
- develop global partnership for development
- Millennium 8 Goals by 2015
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