REDUCING THE DEVELOPMENT GAP

Aid - positives
- Given from ones country to another as money or resources (e.g. food,doctors). - Spent on development projects, e.g. creating schools (improve literacy rates), building dams+wells(improve clean water supplies)+providing agricultural equipment.
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Aid - negatives
- Can be wasted by corrupt governments. - Once the money runs out, projects can stop working if there isnt enough local knowledge and support to keep projects going.
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Fair trade - positives
- Farmers getting fair price for all goods produced in LICs (e.g. coffee and bananas), allowing them to provide for their families. - Buyers pay extra on top to help develop area where goods come from (e.g. to build schools/health centres).
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Fair trade - negatives
- Only a tiny proportion of the extra money reaches the original producers (much goes to retailers' profits).
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Using intermediate technology
- Tools, machines+systems that improve quality of life but are also simple to use, affordable to buy/build, and cheap to maintain.
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Using intermediate technology - example
- Parts of Nepal use solar powered LED lightbulbs where only other lighting options are polluting and dangerous (kerosene lamps/wood fires). - Allows people to work and children to study after dark=increase in skills, incomes+industrial output.
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Debt relief
- When some/all of a country's debt is cancelled, or interest rates are lowered, so they have more money to develop rather than to pay back the debt.
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Debt relief - example
- Zambia (in southern Africa) had $4 billion of debt cancelled in 2005. - 2006: country had enough money to start a free healthcare scheme for millions of people living in rural areas=improved quality of life.
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Investment
-Foreign-direct investment (FDI) is when people/companies in one country buy property or infrastructure in another.-FDI leads to better access to finance, technology and expertise, and improved infrastructure, improved industry,+increase in services.
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Industrial development
- In countries with a very low level of development, agriculture makes up a large portion of the economy. - Developing industry increases GNI and helps improve levels of development as productivity, levels of skill and infrastructure are improved.
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Tourism
- Can provide increased income as there will be more money entering the country. - Countries like Kenya and Jamaica are using tourism to increase their level of development.
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Microfinance loans - positives
- When small loans are given to people in LICs who may not be able to get loans from traditional banks. - The loans enable them to start their own businesses and become financially independent.
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Microfinance loans - negatives
- It is not clear that it can reduce poverty on a large scale.
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Other cards in this set

Card 2

Front

Aid - negatives

Back

- Can be wasted by corrupt governments. - Once the money runs out, projects can stop working if there isnt enough local knowledge and support to keep projects going.

Card 3

Front

Fair trade - positives

Back

Preview of the front of card 3

Card 4

Front

Fair trade - negatives

Back

Preview of the front of card 4

Card 5

Front

Using intermediate technology

Back

Preview of the front of card 5
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