Reducing Global Inequality
- Created by: Alice Cullen
- Created on: 09-01-17 19:16
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- Some people in poorer countries try to improve their quality of life through 'self-help':
- Moving from rural areas to urban areas - water, food and jobs are more accesible
- Improving their houses and their environment
- Communities can work together to improve their quality of life - building schools
- Fair trade and trading groups help to increase the money made from trade
- Fair trade is all about getting fair prices for goods produced in poorer countries
- Companies who want to sell products labelled as 'fair-trade' (e.g coffee) have to pay producers a fair price
- Buyers also pay extra on top of the fair price to help develop an area where the goods come from (e.g to build schools or health centres)
- Only producers that treat their workers well can partake in the scheme
- Trading groups are groups of countries that make agreements to reduce barriers to trade, increasing trade between members of the group
- When a poor country joins a trading group, the amount of money the country gets from trading increases - more money means more development can take place
- However, it isn't easy for countries outside of the trading group to export goods to countries that are part of the trading group - reducing the export income of non-trading group countries, slowing down their development
- Fair trade is all about getting fair prices for goods produced in poorer countries
- The debt of poorer countries can be reduced
- Debt abolition is when some or all of a country's debt is cancelled - this means that they can use the money they make to develop rather than to pay off the debt
- e.g Zambia had $4 million cancelled in 2005 meaning that in 2006 the country had enough money to start a free healthcare scheme
- Conservation swaps are when part of a country's debt is payed off by someone…
- Debt abolition is when some or all of a country's debt is cancelled - this means that they can use the money they make to develop rather than to pay off the debt
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