established in 2000 by the UN to reduce global poverty by 2015. e.g. eradicate exteme poverty, promote gender equality and achieve universal primary education
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Theories for the gap
Rostow, dependency, core and periphery
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What is Rostow's model
Country has to pass through areas of underdevelopment and a series of economic growth. Money needs to be transferred from develped countries. Includes the shfit in industry e.g. agriculture to manufactoring
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What is the dependency theory
Coutnries like USA control and exploit less developed countries. However they need that in order to have employment and FDI. But developed countries also need them for cheap labour and materials
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IMF role in development gap
lend money or debt relief to help countries develop, needs privitised companies and so hinders development
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World bank...
Investment for social and economic projects but with condititions attatched
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WTO
Promote free trade but creates barriers to free trade e.g. banana wars
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If Africa increased their gloabal share of trade by 1% then...
they would recieve 5x more money than they get from aid
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Senegal nut
WTO encourages Senegal to export raw material of ground nuts to improve GDP and so lent them money, Other countries copied this and supply exceded demand causing price drops. Now Sengal is worlds most indebeted country
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Banana Wars
EU removed tarrifs from Ex colnial countries to allow them to gain a share of world trade. TNC's such as Del Monte went to WTO and threatened to sue for unfair barriers and EU had to tax bananas fairly. Excaerbate the gap
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TNC's role
Emplyment, FDI, Infrastructure. May exploit workers to maximise cheap labour and funds leak back to parent comapt
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Other cards in this set
Card 2
Front
What are the millenium development goals
Back
established in 2000 by the UN to reduce global poverty by 2015. e.g. eradicate exteme poverty, promote gender equality and achieve universal primary education
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