Strategies for Reducing the Development Gap Flashcards

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1
Q

Global development gap

A

The difference between countries in terms of development.

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2
Q

Investment

A

Money from overseas creates opportunities for development (e.g. a large TNC builds a new factory providing new jobs).

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3
Q

Industrial development and tourism

A

Creates job opportunities in new industries and tourist industry, bringing in money from overseas.

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4
Q

Aid

A

Money from governments/NGOs used to create opportunities for development.

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5
Q

Intermediate Technology

A

Low technology which supports local development (e.g. biogas).

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6
Q

Fairtrade

A

Providing farmers with a more reasonable price for their produce and a social premium for community projects.

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7
Q

Dent relief

A

Some, or all, of a country’s debt is reduced/deferred/cancelled.

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8
Q

Microfinance loans

A

Small loans for local people to create their own businesses.

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9
Q

Rainwater harvester

A

. 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.

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