Closing The Devlolment Gap

Question 1

Types of aid and meaning

Answer 1

Bilateral aid - when aid came from one country to another
Multilateral aid - aid given from an international organisation
Short terms aid - aid in few weeks or months and days
Long term - years and months of aid

Question 2

What things need to have to close the development gap

Answer 2

Aid
Fair trade
Intermediate technology
Micro finance loans
Debt relief
Money from tnc

Question 3

What is fair trade and how does it work

Answer 3

Paying producers a faire wage for there produce so they can provide for there family’s

Question 4

What’s intermediate technology

Answer 4

Technology that people know how to work and fix with little training

Question 5

What’s microfinace loans

Answer 5

Small amount of money to help people get enough stuff to sell

Question 6

Debt relief meaning

Answer 6

Debts can be reduced or cancelled
Example world leader cancels there debt in 2005 because Nigeria was so poor