How is the Global Development Gap Reducing? Flashcards
Aid
Aid is the voluntary donation of money, goods or knowledge from one country to another
Multilateral aid
Aid is sent and received by many countries. Regulated by international banks
Bilateral aid
From one country straight to another
Conditional?
NGO aid
non-governmental organisation giving aid to many small scale projects
Example of an NGO aid
Practise action
One of their projects:
North Darfur is one of the most drought-prone areas of Sudan, made worse by climate change. Practical Action worked with communities to address its devasting effects. Working closely with the communities, we contributed to peace and prosperity by transforming deserts into green fields to feed families and forests to combat desertification.
What is trade
Trade is defined as the action of buying and selling goods and services.
How is trade seen in poorer countries
As a way to improve development
Foreign Direct Investment
Foreign Direct Investment (FDI) is an investment made by a firm or individual in one country into a business in another country.
What is the multiplier effect?
The positive snowball effect when a new business opens in an area
What are growth poles?
A specific area or sector that drives economic development in a region
The idea is that it stimulates growth in other regions
What is an example of development through trade?
South Korea
