Different stages of development Flashcards
Landlocked
poorer countries being landlocked for example, Chad. Which makes it difficult to trade as they rely on access to the coast through other countries and it means less profit as there is extra transport cost(2).
Tourism
It brings foreign currency in and creates new job opportunities in hospitality and this increase wealth and living standards, for example, Thailand.
Selling low value primary goods among themselves.
Developing countries also sell low value primary goods amongst themselves which means less income as they are competing with each other and this lowers their prices.
As they are also earning less money, they have to borrow money from developing countries and some of their income will then go to paying off debts instead of going to development.
Civil war
Civil war can also restrict development for example in Somalia as more money is put into the military budget and money is taken away from things such as basic healthcare.
Political Instability
Political instability can restrict a country’s development as it can result in corruption resulting in aid and resources being diverted away from those who need it most, for example Zimbabwe.
Natural Resources
It can improve their level of development and they can sell these resources and invest the profit in healthcare and education.
Natural disasters
For example, the earthquakes in Haiti, which restricts development as that country might have to put money into rebuilding any damage that could put them in debt.
Climate
Countries such as Mali that are very dry and have drought-stricken areas that make farming very hard as overuse of land can lead to desertification and famine reducing development.