Reducing the development Gap Flashcards
1
Q
Fair trade
A
- farmers work in cooperative groups with other farmers making it easier to negotiate prices
- always receive a minimum price for sold products also a fair-trade premium to invest in other thing (equipment, livestock, living conditions)
- fair-trade standards required to be a fair-trade international business (sustainable land use)
2
Q
How does fair-trade reduce unequal development?
A
Fair trad gives farmers a guaranteed price for their products .Through a cooperative farmers groups allow a steady income which enables farmers to invest in their living conditions.
However buying fair-trade is more expensive than other options this can cause consumers to buy the cheaper options -so fair trade isn’t bought as much.
3
Q
Investment
A
Investment
4
Q
industrial development
A
industrial development
5
Q
tourism
A
tourism
6
Q
intermediate technology
A
intermediate technology
7
Q
aid
A
aid
8
Q
debt relif
A
debt relif
9
Q
microfinance loans
A
microfinance loans
