Economic activity- UK + Nigeria Flashcards
HDI measures
Life expectancy
Income
Education
Physical development case study
Haiti
7.1 mg earthquake in 2010 - $14bn
Killed 220,000
Strategies to reduce development gap
TNC investment
Aid
Microfinance loans
Fairtrade
Tunisia stats good
$900 million in 2009
370,000 jobs created
Literacy rates increased by 13%
Tunisia stats unsustainble tourism
Leakage of profits eg Thomas Cook
2015 Terrorist attack killed 39 - lost 35% revenue
Hotel Sewage waste
Dangote cement
Secondary industry - cement production
2000 and growing employees
50 million tonnes of cement a year
Shell positive effects to nigeria
$300 GDP per capita in 2000 to $3000 in 2017
Multiplier effect
Paid $1.3 billion in taxes to Nigerian government
Shell foundation
Shell negatives to Nigeria
2011 40,000 barrels of oil spilled
Shell accussed of humans rights violations against ogoni people
Profit leakage
Poor wages and conditions
Nigeria still has to import oil as it does not have refineries
Shell oil spill example
Bodo oil spill 2008, 2000 barrels spilled damaging mangroves
Example of governmental aid to nigeria + negative of it
Chinese Railway Construction Corporation
Won $12 billion contract to finance 1400km railway
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TIED loan, Nigeria has to supply petrochina with 30,000 barrels of oil a day
Example of charitable aid
UN Word Food Foundation provided food to 400,000 farmers who would have otherwise died of starvation
Example of small scale aid
Oxfam GB trying to increase farmers productivity - leads to higher profits due to better harvesting
Negatives : small scale
Developmental aid example
2016 UK gave £305 million to Nigeria to help it achieve millenial goals - only 60% literacy rates
Nigeria industrial growth effects
10,000 informal business which then are unregulated in their production of environmental waste
UK science park stats good + bad
Cambridge science park
7300 employees
Brings investment to Cambridge
1500 biotech companies
Bad:
House prices increasing
Congestion