Economic Development

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How does the primary industry affect the environment?
Can disrupt local habitats and ecosystems. Destroys land. Removal of non-renewable resources
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What is globalisation?
Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange
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What is a foreign direct investment?
A controlling ownership in a business enterprise in one country by an entity based in another country
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What factors affect the location of an industry?
Site, situation, climate, raw materials, component suppliers, universities, water and power supplies, energy, accessibility of transport and communications
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What is the different between primary and secondary industry?
Primary industry Extracting resources from the ground, land and sea. Secondary industry is manufacturing these resources
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Identify some ways what the development gap can be reduced
Multination investment Development of tourism Development projects Intermediate projects Fair trade Reducing debt
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Explain how the improvement of literacy can improve the quality of life
Get a job/better job/ more skilled job. Earn money/higher pay. Spend money on food/education/family/clothes. Self belief/pride/self esteem.
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Explain 2 disadvantages of long term aid
Doesn’t always reach the people it needs to due to infrastructure/corruption. Aid may be tied to the donor country; so they have to buy goods/services from the donor country. Creates a dependency on aid; so government lose incentive for long term pl
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How would the percentage of people that can read and write change as a country develops?
Literacy would increase because there are more schools/teachers/money spent on education
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How would the percentage of people having access to the internet change as a country develops?
The percentage would increase because there are more computers/internet cafes and people can afford them more easily
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Explain one benefit of aid to LEDCs
Provides money for investment into agriculture/water supply/helps improve diet Buys machinery which provides more opportunities for jobs
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Explain one problem of aid to LEDCs
Aid may be directed at a capital intensive project, which may not help local people. Aid in the form of loans creates debt If misspent benefits are short and aid may not be sustainable
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Other cards in this set

Card 2

Front

What is globalisation?

Back

Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange

Card 3

Front

What is a foreign direct investment?

Back

Preview of the front of card 3

Card 4

Front

What factors affect the location of an industry?

Back

Preview of the front of card 4

Card 5

Front

What is the different between primary and secondary industry?

Back

Preview of the front of card 5
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