geography

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What does GDP mean?
The total value of goods and services a country produces in a year.
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What does Gini Coeffient mean?
Scores countries from 0 to 1 to show how much distribution of income is unequal within a country
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What are the benefits of Debt Relief?
Many LICs owe money to other countries. Often the repayments and interest are so expensive that indebted countries have no money left to spend on development projects. Debt Relief is when debts are reorganised to make them more manageable or reduced.
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What is Fair Trade?
The result of the pattern of world trade is that the workers in Primary Industries often loose out, they have low wages and a poor standard of living. Fair trade means that the producer receives a guranteed and a fair price for their product.
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How Has Globalisation impacted economic growth?
India attracts FDIs from TNCs which creates more jobs. Outsourcing had been a major global strategy by Indias companies. Indias low cost labour had been used to provide ICT and other services to companies in developed countries.
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How has globalisation contributed to development?
Debt Relief, Aid- over 100 billion dollars is given to aid each year, aid includes low interest loans, it helps creates jobs and infrastructure. Fair Trade, Remittances- International migrants send money back home to their families.
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Card 2

Front

What does Gini Coeffient mean?

Back

Scores countries from 0 to 1 to show how much distribution of income is unequal within a country

Card 3

Front

What are the benefits of Debt Relief?

Back

Preview of the front of card 3

Card 4

Front

What is Fair Trade?

Back

Preview of the front of card 4

Card 5

Front

How Has Globalisation impacted economic growth?

Back

Preview of the front of card 5
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