Development

• Neo-colonialism – the geopolitical practice of using capitalism and business globalisation by countries from the developed world in order to influence the internal affairs of the countries of the developing world.
• Recession – a period of time during which there is negative economic growth.
• The definition of development is complex, but it is generally accepted to mean improving the standard of living and quality of life of a country’s people
• Economic development focuses on the economic growth of a country. An economy is healthy when there is an increase in the value of goods and services produced by that country. The focus is on capital investment with jobs and technology improving production and productivity. This leads to wealth and savings.
• The main measure of economic health is the GDP per capita (per capita income). Per capita income is the total income earned from goods and services produced by a country in one year divided by the total population for that country in that year. It can be used to compare the wealth of countries and to give an idea of the average income of its inhabitants
• Sustainable development is the planned and balanced development of a society’s resources to provide for itself without compromising the ability of future generations to meet their needs
• Human development – development concerned with improving people’s well-being through better opportunities and freedoms and trying to ensure an individual’s basic needs are met for food, water and housing
• Productivity – people must be enabled to increase their productivity and participate fully in the process of income generation and remunerative employm
• Sustainability –access to opportunities must be ensured not only for the present generations but for future generations as well
• Poverty is when individuals do not have the basic requirements necessary for a good quality of life.

  
• Measures to combat poverty

  • Creating more licenced vendors in the tourism sector, allowing them to sell directly to tourists in order to earn income
  • Obtaining aid from aid agencies
  • Positive government action, such as providing subsidised housing and reducing taxation on low-income earners
  • Reviewing land ownership and implementing reforms as necessary
  • Establishing a government employment scheme, with the uneducated poor benefiting
  • Universal education and scholarships where students can access free transport, books, internet and school meals
  • Promoting agencies that help the poor and disabled, including the churches, NGOs (non-governmental organisations) and charities