Reducing Development Gap Flashcards
Investment from TNC/ government
Increases income, new industries develop as infrastructure develops. High employment and education (politically involved), choice dependant on
Aid, gifting money or services or goods
Enables development projects, controversial, not gotten to where needed
Intermediate technology
charities train locals to use sustainable technology, increase supplies and children at school and incomes, long term, difficult to find suitable level
Debt relief
infrastructure and development projects invested in, not controversial, corruption
Micro finance loans
individuals set up a self-sufficient business, escape poverty, high employment
Industrial development, government in manufacturing companies
primary products have added value, increase income and employment, effort into policies
Fair trade
exports have a higher price, garauntueed minimum pice, regular incomes = more children at school, local economy, environmentally friendly, reliant on trade pattern of consumers in HIcs = number limited