Reducing Global inequality

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  • Reducing Global inequality
    • Improve own quality of life
      • Move from rural to Urban areas- better food, jobs work,
      • Improve environment e.g. housing
      • Communities work together: build schools
    • Fair Trade
      • When producers in developing countries are paid a fair price for their work, by companies in developed countries
        • Improves quality of life for workers
      • X Producers may over produce due to good prices. Excess will make world prices fall
    • Reduction of Debt in LEDC
      • Debt abolition: some or all of a countries debt is cancelled. The money can then be used to develop
        • Zambia 2005: $4billion debt cancelled
          • 2006: Enough money to start free healthcare- improve quality of life
      • Conservation swaps:Part of country's debt is paid off in exchange for investment in conservation.
        • 2008: Peru debt of $25 million paid of by USA in exchange for conserving rainforest.
    • Aid
      • Sources: Governments through taxes or NGO's through voluntary organisations
      • Bilateral: Directly to recipient
        • Can be tied recipient must buy products form donor country helps donor economy
      • Multilateral: Indirectly through voluntary organisation.
      • Short term: Help RC cope in emergency. Stage of D unchanged.
      • Long term: Money to help  development, eg build dams
        • RC become less dependent on aid. But it takes a long time before benefits are seen
      • International aid may not be sustainable
        • Sustainable: With deforestation to ecotourism to make money
        • UnsustainableInvestment in wells with little rainfall.

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