2.2.4 Strategies to Reduce the Development Gap

    Cards (77)

    • More developed countries have a high GDP per capita and advanced industries
    • What is the legacy of colonisation on development in less developed countries?
      Exploitation of resources
    • What is a key social factor that distinguishes More Developed Countries (MDCs) from Less Developed Countries (LDCs)?
      High life expectancy
    • What is the primary goal of fair trade initiatives?
      Equitable trading relationships
    • What type of trade relationships does fair trade encourage?
      Direct trade relationships
    • How do fair trade initiatives empower producers in less developed countries?
      Stable incomes and resources
    • What is the role of multilateral aid in foreign aid efforts?
      Aid through international organizations
    • What is multilateral aid channeled through?
      International organizations
    • What does foreign aid support in less developed countries (LDCs)?
      Economic and social development
    • Foreign aid can contribute to social improvements like healthcare and education.

      True
    • Bilateral aid is provided directly from one country to another
    • What is the primary goal of debt relief programs for less developed countries (LDCs)?
      Reduce or forgive debt
    • What is crucial for debt relief to effectively reduce the development gap?
      Thoughtful design and implementation
    • What is a key economic characteristic of more developed countries (MDCs)?
      High GDP per capita
    • The development gap is often measured by factors like GDP per capita and life expectancy.

      True
    • What complex factors influence the development gap?
      Economic, social, and political
    • Fair trade initiatives aim to reduce the development gap by promoting equitable trading relationships.

      True
    • Fair trade emphasizes direct trade relationships between producers and consumers
    • Match the type of aid with its description:
      Bilateral Aid ↔️ Aid directly from one country to another
      Multilateral Aid ↔️ Aid through international organizations
      Humanitarian Aid ↔️ Emergency assistance during crises
      Development Aid ↔️ Long-term support for projects
    • Aid directly from one country to another is called bilateral aid.
    • One potential negative impact of foreign aid is over-reliance, also known as dependency.
    • Match the type of aid with its description:
      Bilateral Aid ↔️ Aid directly from one country to another
      Multilateral Aid ↔️ Aid channeled through international organizations
      Humanitarian Aid ↔️ Emergency assistance during crises
      Development Aid ↔️ Long-term support for economic projects
    • What is the moral hazard associated with debt relief programs?
      Irresponsible borrowing and spending
    • The SDGs primarily focus on environmental challenges and have little relevance to economic development.
      False
    • SDG 8 promotes sustained, inclusive, and sustainable economic growth.
    • High debt interest payments are an example of a economic factor causing the development gap
    • The development gap is exacerbated by weak governance and political instability
    • Fair trade ensures guaranteed minimum prices for producers
    • Fair trade social premiums are used for community development projects
    • Foreign aid is the transfer of resources from more developed countries to less developed countries for their economic and social development
    • Humanitarian aid is emergency assistance provided during crises like natural disasters or conflicts
    • Humanitarian aid is emergency assistance during crises like natural disasters or conflicts
    • Match the type of aid with its description:
      Bilateral Aid ↔️ Aid directly from one country to another
      Multilateral Aid ↔️ Aid through international organizations
      Humanitarian Aid ↔️ Emergency assistance during crises
      Development Aid ↔️ Long-term support for development
    • Aid may distort local markets and undermine self-sufficiency
    • Corruption is a potential negative impact of foreign aid.

      True
    • Match the benefit of debt relief with its description:
      Frees up funds ↔️ Allows redirection to development projects
      Improves creditworthiness ↔️ Makes LDCs more attractive for lending
      Promotes economic stability ↔️ Reduces risk of debt crises
    • The development gap is often measured by factors like GDP per capita and life expectancy.

      True
    • What is a key economic factor that distinguishes MDCs from LDCs?
      GDP per capita
    • What type of economy do LDCs typically rely on?
      Agriculture
    • The development gap is solely caused by economic factors.
      False