strategies for reducing the development gap

Cards (20)

  • 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.