Various Strategies for reducing the global development gap

• Investment is the action of investing money for a positive outcome or something that can return in the future

  Money invested within countries may be used for advancing healthcare and education facilities, paying off in the long term with exponential returns

  A problem with investing is that there's a lot of risk as the timing is very important with investing in the right places
• Industrial development is a transformation in manufacturing, involing changes in production activities in the agricultural and service sectors.

  Producing manufactured goods makes more profit than exporting primary goods and the jobs are better paid

  A problem is that it contributes to climate change
• Tourism is people going to other countries and giving them money. This is spent on businesses and attractions to help economies grow.

  Tourism brings in a lot of money that can be re invested in infrastructure to improve growth even further

  A problem is that a lot of tourists can ruin the natural beauty of a country which will make people not want to visit there and it contributes to climate change
• Aid is assistance given from one country to another in order to develop or help the population

  It includes money, equipment, training and loans.

  A problem is that other countries can see it as unfair, aid may not be split equally and may be misused
• Intermediate technology is technology that is suitable for use to develop countries, usually making use of local resources.

  It can include basic machines, practical tools and engineering systems which makes industries bigger and helps improve economy by making doing businesses and manufacturing easier.

  A problem is that it only provides basic improvements which can only improve so much