how effective are international strategies in addressing uneven development

Question 1

Define bilateral aid

Answer 1

Aid that is given from one government to the other

Question 2

Define multilateral aid

Answer 2

Countries give money to international organizations, these organizations then distribute the money to poorer countries.

Question 3

Define debt relief

Answer 3

Removing or decreasing the debt owed to a country.

Question 4

Define the trade agreements made

Answer 4

e.g. removing trade barriers to help developing countries increase trade

Question 5

Define fair trade

Answer 5

Producers work together to deal directly with retailers in developed countries, receiving fairer conditions and better prices for their goods

Question 6

Define FDI

Answer 6

An investment made by a company in one country into a business located in another country.

Question 7

Positives of FDI

Answer 7

Brings in investment

Brings in big brands

Foreign companies may be able to pay more so pushes up wages.

Question 8

Negatives of FDI

Answer 8

Big brands can outsell local products

FDI not always reliable - investors can pull out

Lack of regulation can have negative impacts i.e. environmental pollution and industrial accidents