Strategies for Reducing the Development Gap Flashcards
Global development gap
The difference between countries in terms of development.
Investment
Money from overseas creates opportunities for development (e.g. a large TNC builds a new factory providing new jobs).
Industrial development and tourism
Creates job opportunities in new industries and tourist industry, bringing in money from overseas.
Aid
Money from governments/NGOs used to create opportunities for development.
Intermediate Technology
Low technology which supports local development (e.g. biogas).
Fairtrade
Providing farmers with a more reasonable price for their produce and a social premium for community projects.
Dent relief
Some, or all, of a country’s debt is reduced/deferred/cancelled.
Microfinance loans
Small loans for local people to create their own businesses.
Rainwater harvester
. Gutters collect rainwater.
. Tank is made from clay covering a simple bamboo frame.
. Each tank takes 3 days to make and can be maintained by the family.