Development 1 Flashcards
What does NGO stand for?
Non-Governmental Organisation (e.g) Oxfam
What % of its GDP does the UK spend on overseas aid?
0.7%
what phase reflects China’s recent industrial development?
it has become the ‘ workshop of the world’
why is producing manufactured goods better than producing primary goods?
manufactured secondary goods can be sold at higher prices and are less vulnerable to price fluctuations.
what does TNC stand for?
Transnational Corporation.
What is Foreign Direct Investment?
the money invested into other countries by TNC’s
what was the effect of the cancellation of Zambia’s $4 billion of debt in 2005?
in 2006 the country had enough money to start free healthcare scheme for millions of people living in rural areas.
what happens to a fair-trade farmer if the global price of a crop falls?
they still receive their regular income.
what % of the divine chocolate company is owned by farmers?
44%
what is intermediate technology?
sustainable technology that is appropriate to the needs, the skills, knowledge and wealth of other people.
which country has WaterAid’s Afridev hand pump has helped to develop?
Tanzania
What is a Microfinance loan?
small loans which are given to people in LIC’s who may not be able to get the loans from traditional banks.
what is the name of a well- known provider of Microfinance loans to women in Bangladesh.
the grameen bank
what effect can tourism have on reducing the development gap?
increased investment from abroad can be used for improving education, infrastructure and housing.
name a problem with tourism as a strategy to reduce uneven development.
countries can become dependant on their tourist industry.
