Strategies to reduce the development gap Flashcards
what are the different strategies to reduce the development gap?
-investment
-industrial development
-tourism
-aid
-intermediate technology
-fair trade
-debt relief
-microfinance
what does investment involve?
-development of infrastructure such as water, roads and electricity
-construction of dams to provide electricity
-improvements to harbors and ports
-development of new industries
what does industrial development involve?
-start to develop new infrastructure
-build new roads and ports
what does tourism involve?
countries with tropical beaches, spectacular landscapes of abundant wildlife have become tourist destinations
what does aid involve?
-when a country or non-government organisation donates resources to another country to help it develop or improve peoples lives
-can come in the form of money, emergency supplies, food technology and skills
what are the different types of aid?
-short term
-long term
-tied
-voluntary
-multilateral
-bilateral
describe short term aid
emergency help usually in response to a natural disaster
describe long term aid
sustainable aid that seeks to improve resilience e.g. reduce the effects of drought
describe tied aid
aid may be given with certain conditions
describe voluntary aid
money donated by the general public in richer countries
describe multilateral aid
richer governments give money to an international organisation which redistributes the money as aid to poorer countries
describe bilateral aid
aid from one country to another
what does intermediate technology involve?
-sustainable technology that is appropriate to the needs, skills, knowledge and wealth of local people
-it must be sustainable for the local environment and must not put people out of work
what does fair trade involve?
sets standards for trade with poorer countries
what does debt relief involve?
many of the worlds richest countries agreed to cancel the debt of many LICs
how does a country qualify for debt relief?
-if they can demonstrate that they can manage their finances
-if it’s not a corrupt government
-if they agree to spend the debt money to reducing poverty
what does microfinance involve?
small scale financial support available directly from banks set up especially to help the poor
how does investment help LICs and NEEs?
-provides work and income from abroad
-as economies grow, poverty decreases and education improves
-people become politically involved leading to a better government
how does industrial development help LICs and NEEs?
brings employment, higher incomes and opportunities to invest in housing, education and infrastructure
how does tourism help LICs and NEEs?
-helps reduce development gap
-leads to investment and increased income from abroad which can be used for improving education, infrastructure and housing
how does aid help LICs and NEEs?
-aid can enable countries to invest in development projects that can bring long term benefits
-can help improve peoples quality of life if it focuses on healthcare, education and services
how does intermediate technology help LICs and NEEs?
-involves local communities
-makes a real difference in the quality of peoples lives
how does fair trade help LICs and NEEs?
-improves the quality of life for ordinary farmers
-helps to ensure that producers in poor countries get a fair deal
-farmer gets all the money from the sale of his crop
-guarantees the farmer a fair price
how does debt relief help LICs and NEEs?
-helps poor countries invest in development projects
-by cancelling the debt, some countries have used their money to improve quality of life
how doesmicrofinance help LICs and NEEs?
-enables individuals or families to start up small businesses and helps them to become self-sufficient
-increases income
what is an example of investment ?
more than 200 Chinese companies have invested billions of dollars in Africa which led to new roads, bridges, stadiums and other projects
what is an example of industrial development ?
Malaysia has seen a dramatic growth in its wealth, this is due to the development of its natural resources such as oil and gas
what is an example of toursim ?
the Bahamas has become highly dependant on tourism
what is an example of aid ?
Goat Aid is a project from Oxfam that helps families in Africa, the money donated is used to buy a family a goat which has many advantages
what is an example of intermediate technology?
in Adis Nifas, Ethiopia small farms have been given an area of irrigated land that provides a permanent food supply
what is an example of fair trade?
Ugandan coffee farmers earn extra income from Fair Trade Premium
what is an example of debt relief?
in Uganda the government has spent debt money to provide safe water to over 2 million people
what is an example of microfinance?
Grameen Bank, Bangladesh: the banks was founded to help local people and enables them to buy a mobile phone
what does HIPC stand for?
Highly Indebted Poor Country
