Changing economic world

• What are the causes of uneven development?

  physical:

  landlocked

  climate

  tropical storms

  infertile soil (soil erosion)

  economic:

  debt

  export mainly primary products

  trade tariffs

  not in trade relations already

  political:

  history of conflict

  collonised to only produce raw materials for manufacturing in HICs
• Investment 


  Countries and TNCs invest in LICs to increase profit

  +ve

  decreases poverty
• Industrial development 


  Brings employment, higher income, housing, education, infrastructure
• Aid


  Help coming into the country

  -ve

  may become reliant
• Intermediate tech


  Sustainable tech appropriate to the needs, skills, wealth

  of the local people
• Free trade


  Trade without charge
• Fair trade


  People at the bottom of the production chain are paid fairly
• Debt relief 


  Countries that are owed money let them off
• Micro finance loans


  Small-scale financial support from banks to help the poor
• Education


  People can use skills to run businesses

  women have less children