Changing Economic World Flashcards
(18 cards)
What is investment and an example?
LICS give money to improve Quality of Life
BMW and Shell
What is aid and an example?
Donations made from one country to another
UK aid in Tanzania
What is intermediate technology and an example?
Transferring technology from HICS to LICS
Micro Hydro in Kenya
What is free trade and an example?
Trade in exchange for goods,money or a service
HICS exporting high value goods
What is fair trade and an example?
Deal to get better money for farmers and producers
What is debt relief and an example?
Removing debts from LICS as they go up in time to avoid debt cycle with HIPCS
Jubilee 2000 froze interest
What is micro finance loans and an example?
Someone donates and an entrepreneur receives the money, business grows and money gets reinvested back into the community
What are physical and economic factors affecting development?
Physical: Climate which may bring bad weather
Countries geography affecting political relations
Climate can provide crop growth
Diseases
Economical: LICS export for low prices
LICS may be in debt to HICS
Poverty trap and debt cycle
What are consequences of uneven development?
More international migration
Wealth disparities
What are the Pros of TNCS using Shell as the case study
They often have charities for sustainability
They reinvest in the local community (Shell $12 Billion in LICS)
TNCS have to pay tax (Shell $20 Billion in 2013)
New technologies can create the multiplier effect
What are the Cons of TNCS using Shell as the case study
Jobs aren’t secure as TNCS may move to a new spot for more money
Profits go straight to HICS (leakage)
Bad pay for the same jobs in HICS compared to LICS
Long hours in poor conditions
Outline the Human Rights vs Shell case?
The Ogoni people felt that Shell was negatively impacting their village as they had no electricity and no running water.
They saw no profits from Shell and protested as their rivers were becoming polluted. Non violent protest ended with 9 people being hanged.
What are the Pros of tourism use Kenya as the case study
Culture shows make lots of money
Infrastructure gets improved
Jobs created (225,000 in 2013)
Tourism contributed directly to 5% of Kenya’s GDP
Brings $5.3 Billion to Kenya Economy
What are the Cons of tourism use Kenya as the case study
Foreign workers may be brought in over locals
Pollution and disruption to nature if not done sustainably
Leakage to HICS
What are two examples of rural decline and rural growth with detail?
Alnwick- population grew as it was connected with Edinburgh and new factories and estate developments created jobs
Milfield- suffers from population ageing and lacks young people so elderly are forced to work which results in a lack of services
What are the goals of HS2
- Improve rail connections in the UK
- Connect new routes London to Birmingham and then up to Glasgow and Edinburgh
What are the Pros of HS2
Help grow industry in the North
UK investment of $50 Billion a year in these projects along with time means the cost spread will be under this number
Creates jobs
What is Northern Powerhouse?
Aims to combat north south divide
Would link cities
Improve transport and innovation
Devolve the government
Some argue it is too centred around Manchester
