Strategies to reduce the development gap

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Investment
Large companies can locate part of their business in other countries. The country can then develop by building factories, laying roads and installing internet cables.
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Aid
Aid can be in the form of bi-lateral (one government to another) or multilateral through an organisation.
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TNC's
Locate in the country and build infrastructure that the country can use to develop.
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Industrial development
The manufacturing sector gains more profit than primary goods and people recieve higher wages in formal jobs in the secondary sector and so pay more money to the government.
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Intermediate technology
Many poor countries cannot maintain expensive equipment so small scale solutions like the play-pump reduces risk of disease and allows women to attend work.
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Microfinance loans
Providing small loans appropriate to the individual who would not qualify for a normal loan. This is repaid from earnings and can help people improve their quality of life.
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Debt relief
Allows governments to invest in improving the infrastructure and services in their country rather than paying back debt and interest.
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Fair trade
This ensures the farmer will earn a good wage and in good conditions.
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Tourism
Can bring lots of money into a country and this can create the multiplier effect.
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Other cards in this set

Card 2

Front

Aid can be in the form of bi-lateral (one government to another) or multilateral through an organisation.

Back

Aid

Card 3

Front

Locate in the country and build infrastructure that the country can use to develop.

Back

Preview of the back of card 3

Card 4

Front

The manufacturing sector gains more profit than primary goods and people recieve higher wages in formal jobs in the secondary sector and so pay more money to the government.

Back

Preview of the back of card 4

Card 5

Front

Many poor countries cannot maintain expensive equipment so small scale solutions like the play-pump reduces risk of disease and allows women to attend work.

Back

Preview of the back of card 5
View more cards

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