3.6.2 Reducing poverty

Question 1

economic growth

Answer 1

rate of growth of GDP

Question 2

economic development

Answer 2

growth of incomes and increase in quality of life

Question 3

economic development in emerging economies

Answer 3

takes a while to set up institutions to set up development
- schools improve slowly due to lack of well trained teachers and money for educational resources
- governments do not provide welfare
- tax collection methods and regulation may be weak (evasion)

Question 4

bilateral aid and multilateral aid

Answer 4

• bilateral aid: developed country to a developing/emerging country
• multilateral aid: from world organsations

Question 5

how can govs, NGOs and organisations help

Answer 5

• funding infrastructure development
• healthcare help –> emergency in war torn areas
• helping in disasters
• helping communities in war torn areas

Question 6

why are poverty reduction policies beneficial for developing and E economies

Answer 6

• gives them technology transfer to become more productive
• saves lives by giving emergency aid –> food water shelter electricity
• investment in healthcare, education and infrastructure fosters economic growth
• as incomes rise and governments work to collect taxes

Question 7

poverty reduction policies in developed countries

Answer 7

• income redistribution
• building homes to reduce housing costs –> UK
• benefits
• inventive to have job - workign tax credits