Why are some countries more developed than others?

Question 1

What is a HIC?

Answer 1

High Income Country (a developed country)

Question 2

What is a LIC?

Answer 2

Low Income Country (a developing country)

Question 3

What is a NIC?

Answer 3

Newly Industrialised Country

Question 4

What are the BRICs?

Answer 4

Brazil, Russia, India, China – key emerging markets, fast growing developing countries

Question 5

What factors can influence a countries development?

Answer 5

Environmental factors
Historical factors
Dependance on primary activites
Debt

Question 6

What is colonialism?

Answer 6

The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically

Question 7

What countries have been majourly affected by colonialism?

Answer 7

Haiti
India

Question 8

How can colonialism affect the speed a country develops at?

Answer 8

By exporting the materials the country has, the country has barely enough to supply themselves. If colonised country were to gain independence, they would need to take out loans from other countries, and interest would require them to pay more back later. Because they are using the money to develop, there is no more money to pay back the loans, and it traps them in a cycle of poverty