Development gap

• What is the main issue regarding global development?

  Development is uneven across the world
• What is the goal of reducing the development gap?

  To improve lives in less developed countries
• What is one strategy to reduce the development gap?

  • Providing aid to developing countries
• What is the purpose of aid in development?

  To help improve people's quality of life
• What are some forms of aid provided to developing countries?

  Food, water, laptops, building equipment
• What is a potential downside of aid?

  It can create dependency on external support
• What are the types of aid mentioned?

  • Short-term aid
  • Long-term aid
  • Bilateral aid
  • Multilateral aid
  • Tied aid
  • Voluntary aid
• What is short-term aid?

  Aid provided immediately after disasters
• What is long-term aid?

  Aid that supports sustainable development projects
• What is bilateral aid?

  Aid given directly from one country to another
• What is multilateral aid?

  Aid given through organizations like the World Bank
• What is tied aid?

  Aid given with conditions for specific actions
• What is voluntary aid?

  Aid donated by individuals to charities
• How does investment help reduce the development gap?

  • Attracts transnational companies
  • Creates jobs and tax revenue
  • Improves healthcare and infrastructure
• What is a potential downside of foreign investment?

  Exploitation of natural resources may occur
• What is intermediate technology?

  Simple, affordable tools for local use
• How does intermediate technology empower local communities?

  It allows locals to maintain and use tools
• What is debt relief?

  Paying off a country's debt
• How can debt relief positively impact a country?

  It allows spending on healthcare and education
• What is fair trade?

  Ensuring farmers receive fair prices for products
• What is a potential downside of fair trade?

  Higher prices may limit market access
• What is industrial development?

  Shifting from raw materials to manufactured goods
• How has industrial development benefited China?

  China became the workshop of the world
• What is a risk of promoting industrial development?

  Vulnerability to exploitation by corporations
• What are microfinance loans?

  Small loans for starting businesses
• How do microfinance loans empower individuals?

  They enable people to start their own businesses
• What is a limitation of microfinance loans?

  Loans must eventually be repaid
• What is the eighth strategy mentioned for reducing the development gap?

  • Reducing the development gap through tourism