Economic Inequality Flashcards
1
Q
What are the three categories of countries?
A
- Developed countries
- Quickly developing countries
- Slowly developing countries
2
Q
What is GNP
A
Gross national product
3
Q
What are reasons for inequality?
A
- Trade
- Colonialism
- Debt and corruption
4
Q
What is bilateral aid?
A
When one government gives money to another government
5
Q
What is multilateral aid?
A
Where countries give money to an organization
6
Q
What are NGOs?
A
Non-government organizations. They work and provide aid for developing countries on a voluntary basis
7
Q
What is emergency aid?
A
This is aid in the form of food, water and medicine in the following of a natural disaster
8
Q
What is development aid?
A
Aid that provides help over a long period of time. It focuses of healthcare, education and infrastructure
9
Q
What is tied aid?
A
Aid that comes with conditions
10
Q
What are solutions to economic inequality?
A
- Aid
- Fair trade
- Debt
11
Q
What are the negatives of aid?
A
- A country can become dependent
- Aid can lead to huge amounts of money being spent on arms, this can lead to war
- Tied aid could result in the richer developed country benefiting, rather than the poorer developing country
