Knowledge Organiser 2

Question 1

World Trade: Trade

Answer 1

The buying and selling of goodsss

Question 2

World Trade: Import

Answer 2

Bringing (goods or services) in a country for abroad for sale

Question 3

World Trade: Export

Answer 3

Sending (goods or services ) to another county for sale.

Question 4

World Trade: Globalisation

Answer 4

Is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange

Question 5

Aid: Emerging or short-term aid

Answer 5

Needed after sudden disasters SUCH as the 2000 Mozambique floods or the 2004 Asian tsunami.

Question 6

Aid: Conditional or tied aid

Answer 6

When one county donates money or resources to another (bilateral aid ) but with conditions attached. These conditions will often be in the HIC’s favour

Question 7

Aid: Charitable aid

Answer 7

Funded by donations from the public through organisations such as OXFAM.

Question 8

Aid: Long-term or development aid

Answer 8

It involves providing local communities with education and skills for suitable development, usually through organisations such as Practical Action.

Question 9

Aid: Multilateral aid

Answer 9

Given through international organisations such as the World Bank rather than by one specific country

Question 10

Fair Trade: Definition

Answer 10

Fair trade means that the producer receives a guaranteed and fair price for their product

Question 11

Fair Trade: LIC’s

Answer 11

LIC’s unable to make money due to:

-Products being primary products therefore lower value
-Prices of raw materials fluctuate depending on supply & demand
-Tariffs (a sort of tax) on certain goods, making it too expensive to trade
-Trade blocks make it more difficult for an outside group to trade due to expensive

Question 12

SDGs??

Answer 12

Sustainable Development Goals

Question 13

Sustainable Development Goals (SDGs): UN???

Answer 13

United Nations is an international non-profit organisation formed in 1945 to increase corporation among its members countries. Forming the SDGs is to help development of LIC’s.

Question 14

Increasing Development: Top-Down Development

Answer 14

Projects are set up and organised by governments usually without involving local people and communities

Question 15

Increasing Development: Bottom-Up Development

Answer 15

Development projects that involve and include local communities rather than central government or other agencies

Question 16

Increasing Development: Top-Up Criteria’s

Answer 16

-Usually large scale
-Carried out by governments or international organisations
-Impose upon

Question 17

Increasing Development: Bottom-Up Criteria

Answer 17

-Small scale
-Labour intensive
-Run by local people