Australia's Regional and Global Links Flashcards
How much money does Aus. donate in aid each year?
$650 million
How is the Australian aid program funded?
With revenue raised by taxes levied on Aus. citizens.
What are the main reasons for Aus giving out aid to developing nations?
- makes a difference to the lives of the less fortunate
- improves our security
- creates jobs
- is good for the economy
Which 3 nations recieve most of Aus. aid?
- Indonesia
- Papua New Guinea
- The Solomon Islands
Define emergency aid:
Prvoiding basic needs of survival including:
- clothing
- food
- shelter
- medicine
After a natural disaster or during war.
Define foreign aid:
Money and resources that are given to developing nations.
What is AusAID?
- Australian Agency for International Development
- The government’s aid agency
Define Gross National Income (GNI) :
Total value of goods produced within a country + income from other countries - payments made to other countries.
Define overseas development assistance:
Aid in the form of grants and loans given by governments to developing countries.
What is meant by the term G8?
The 8 countries that represent 65% of the world’s economy.
- Canada
- France
- Germany
- Italy
- Japan
- Russia
- UK
- USA
Sustainable development meaning:
Development that meets the needs of our population without compromising the ability of the following generation to meet their needs.
United aid meaning:
Aid that the recieving country can spend on goods from any other country or organisation.
Multilateral aid meaning:
Financial assistance given by governments through international development banks.
Bilateral aid meaning:
Financial assistance given directly from one government to another.
Treaty meaning:
An agreement between two countries that is bound by international law.
