Notes

• relative poverty


  what particular society considers to be poor
• absolute poverty


  not having access to basic human needs

  (water, education, shelters, etc)
• GNI (Gross National Income)


  value of country's goods and services in a year
• Per Capita = Per person


  divide wealth of country by its population
• Brain Drain


  emigration of highly trained / qualified people from a particular country
• Positive multiplier


  export a lot but import little

  trade surplus as it helps a country to develop

  positive multiplier
• Negative multiplier


  export little but import a lot

  trade deficit as it is costing a country money

  could lead to debt and interest payment
• TNC


  Trans-national company
• TNC's in Ethiopia


  Hilton Hotels

  Afriflora

  H&M
• Hilton Hotel in Ethiopia


  leisure and recreation

  services

  hotel creation
• Afriflora in Ethiopia


  flower growing

  worlds largest producer of fair-trade roses
• H&M in Ethiopia


  textiles manufacturing

  university education in textiles
• Bottom up strategies


  targets specific small-scale needs

  done by local population
• Top-down strategies


  governments investing into education, health and infrastructure