Stage 5 (low birth rate, falling death rate, negative population growth)
Factors causing uneven development
Physical (access to resources, climate, natural hazards, location)
Human (aid, trade, migration)
Physical factors
Access to natural resources, climate, natural hazards, location
Physical factors can limit development, e.g. frequent volcanic eruptions, being landlocked
Human factors can aid development, e.g. aid improving infrastructure and services, but can also hinder development, e.g. reliance on aid, difficulty establishing trade links
Consequences of uneven development include wealth inequality, healthcare disparities, and migration
Solutions to reducing the development gap
Microfinance loans
Aid
Foreign direct investment
Debt relief
Fair trade
Technology
Microfinance loans
Provide small grants to help people set up businesses, but may not work at larger scale
Aid
Can invest in development, but may be wasted due to corruption
Foreign direct investment
Provides access to finance and investment, but may come with strings attached
Debt relief
Allows more money to be spent on development, but local people may not always get a say
Fair trade
Ensures farmers get a fair price, but only a small proportion of money reaches the producer
Technology
Enables renewable energy which is less expensive, but requires high initial investment
Case study: Nigeria
Political, social, cultural, and industrial influences on development
Transnational corporations (TNCs)
Shell oil has invested heavily in Nigeria, but profits have leaked out and caused environmental damage