strategies for reducing the development gap

• investment: large companies locate part of their business in other countries, building factories and laying roads to help the country develop.
• Chinese companies have invested billions in Africa.
• Industrial development brings employment opportunities in construction, manufacturing, service industries, increasing individual wealth and improving health, education, and service through tax.
• Malaysia has grown in wealth by exploiting natural resources to develop a manufacturing sector.
• Tourism brings valuable foreign currency and employment opportunities in the service sector.
• Aid: countries give money to other countries, spending it on things to benefit the population.
• Google funds 'one laptop per child', distributing free laptops to hundreds of children.
• Intermediate technology involves using techniques and equipment suitable for the country, as poorer countries don't have skills to maintain expensive equipment.
• A village in Ethiopia was provided with machinery and money to create a reservoir.
• Fairtrade involves paying producers a reasonable price for goods, as farmers in Less Developed Countries are paid very low wages and can't escape poverty.
• Divine chocolate company is 44% owned by cocoa farmers.
• Debt relief involves reducing or reorganising debts to make them more manageable, as indebted countries have no money to spend on development projects due to debt.
• Tanzania used debt relief money to import vital food supplies after a drought.
• Microfinance involves lending money to businesses in Less Developed Countries to help them develop, usually small with reasonable interest.
• A bank in Bangladesh helps local women to develop small businesses.
• Jamaica is an island country in the Caribbean Sea, West Indies, with climates and landscapes that attract tourists who spend a lot of money, helping them to develop.
• In 2018, tourism contributed to 34% of Jamaica's GDP.
• Tourism provides employment and income for locals, improving quality of life.
• Tourism can cause environmental issues such as path erosion, excessive waste, and harmful emissions.
• Negril Marine Nature Park attracts tourists and conserves the environment.