Case study - Sudan, Africa Flashcards
What is the GDP per capita? (Sudan globalisation)
$2,400
What is the population? (Sudan globalisation)
34 million
What is the account balance/debt? (Sudan globalisation)
$3.575 billion
What is the average life expectancy? (Sudan globalisation)
62
What is the aim of trade? (Sudan globalisation)
To promote economic growth
What is aid? (Sudan globalisation)
Money or resources given from one country to another
How does trade work? (Sudan globalisation)
- industrialisation
- exporting goods
- revenue flow
What is economic growth through trade dependent on? (Sudan globalisation)
- Adopting Western capitalism
- Trickle down effect
- Free trade
- Open markets
What is an example of a country who economically grew from trade? (Sudan globalisation)
- South Korea
- Singapore
- Malaysia
What are the negatives to trade? (Sudan globalisation)
- LEDC’s cannot compete in global markets
- Low wages = low QOL and SOL
- LEDC’s already have issues to sort e.g malaria
Where used fair trade and in what industry? (Sudan globalisation)
Vietnams
Banana industry
What are the three source of aid? (Sudan globalisation)
- Bilateral
- Multilateral
- NGO’s
How is bilateral aid given? (Sudan globalisation)
Direct from one government to another
How is multilateral aid given? (Sudan globalisation)
Governments donate to organisation, that the distribute e.g the World Bank
How is NGO aid given? (Sudan globalisation)
Voluntary donations e.g OXFAM
What four types of aid can be given? (Sudan globalisation)
- Short term aid
- Long term aid
- Top down aid
- Bottom up aid
What is short term aid? (Sudan globalisation)
To help countries cope with emergencies
e.g natural disasters
What is long term aid? (Sudan globalisation)
To help countries become more developed
What is top down aid? (Sudan globalisation)
Government receives the money and decides where to invest it
What is bottom up aid? (Sudan globalisation)
The locals receive the money directly and invest it where the deem necessary
What does agriculture still account for? (Sudan globalisation)
20% of GDP
80% of jobs
What happened in 1991, in terms of trade? (Sudan globalisation)
First surplus from exporting oil
What happened that allowed Sudan to trade internationally? (Sudan globalisation)
Joining the WTO