Ways that help LEDCs to develop

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  • Created on: 12-08-14 10:57
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Do these idea help LEDCS to develop?
Fair trade company
Fair trade is a company which aims to help producers
in developing countries have better trading conditions and
promote sustainability. The company encourages the payment
of a higher price to producers as well as higher social and
environmental standards. It focuses in particular on exports from developing countries
to developed countries. Products include coffee, cocoa, sugar, tea, bananas, honey, cotton,
wine, fresh fruit, chocolate, flowers and gold. Fair trade helps the workers develop their
knowledge, skills and have better resources to improve their lives. Fair trade also means that
they work in better conditions than usual. Fair trade can definitely help LEDCs to develop as
they receive higher wages which results in the buying of new things such as food and clothes.
As they earn more money they are then more able to build new buildings and roads and
eventually start to bring together well needed facilities such as hospitals and better schools.
Better knowledge and skills in their jobs means that they can build on them and use them to
start businesses which will earn them more money and therefore give them a better future.
Drop the debt
The world's poorest countries pay almost $23 million every day to the rich
world. This means that LEDCs have almost no money to spend on things
such as housing to develop their countries. Debts should be cancelled
because they are unjust in terms of their origin, and also because they
worsen poverty. What drop the debt has done is cancelled debts in some
countries so that they are able to spend their money more wisely in able to develop their
countries. Drop the debt has debt for `development swaps' which are schemes whereby a poor country,
instead of paying off a debt to a creditor, agrees to spend the money on a particular development or
environmental project. This works well as governments and companies which the debts are paid too don't lose
that much money and the poor countries aren't as so reliant on having their debts dropped, meaning that they
can control what they do with their money in the future better
Debt for nature swaps
A debt for nature swap is an agreement between a developing
nation in debt and one or more of its creditors. Many developing
nations are severely limited by huge debts. In
a debt for nature swap, creditors agree to forgive debts in return
for the promise of environmental protection. The scheme was
brought in to minimize the negative effect debt has on
developing nations and to minimize the environmental
destruction that developing nations frequently cause. This helps
with development because it means that they can spend the money they were going to pay
their debts off with for developing their country instead. They also get environmental

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Large scale aid
Large scale aid is where lots of money is funded into large
projects which will benefit the community. For example, the
Cahora Bassa Dam in Mozambique which was funded by the
Portuguese government. As large scale aid needs a lot of money
for it to be a success this means that development would be less
able to happen as they would lose a lot of their money on this
instead.…read more

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HIV/AIDS education. Oxfam's contributions to improving quality
of life in LEDCs means that development does happen because of the development projects
which Oxfam help to create. Money spent on education and development projects by Oxfam
means that LEDCs can spend the money they have from trading on building new housing,
hospitals, schools and roads which will help develop their country.…read more


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