Dynamic Development 2 Flashcards
What is aid
Help given by one country to another
What does rostows model predict
Predicts how a country’s level of economic development changes over time.
What are the 5 stages of rostows development
Traditional society
Preconditions for take off
Take off
Drive to maturity
Mass consumption
Give 3 examples of MDG
-Halve number of people in poverty
-All children in education
-Reduce death rates of children u5 by 1/3
What is top down
Large organisations decide what to do with money and how it is spent
What is bottom up
Smaller scale organisations (charities) choose how to spend money
What is debt relief
A country doesn’t have to pay back part or all of the money it has borrowed
What are some problems of countries relying on trade
Conflict can make supply of goods unreliable
LIDC often export primary products
Give some advantages of a trans national company
-Spend money on locals
-create jobs in country
-new tech
Give a disadvantage of TNC
Employees in poorer countries may not get paid as much as
Give an advantage of short term aid
-Gives immediate relief
Give a disadvantage of short term aid
Doesn’t help with longer term recovery eg infrastructure
Give a disadvantage of long term aid
May make the recipient dependent on aid
Give an advantage of debt relief
Frees up money that can be spent on development
Give a disadvantage of debt relief
Imposing conditions can mean that money isn’t used where it’s most needed
