Development Flashcards
What is development
Better education, healthcare, quality of life, technology and more
What is poverty
When people don’t have enough money to meet basic needs e.g. food, water, housing etc.
What are ways to bridge the development gap?
Let countries develop by themselves, charity, aid and foreign direct investment (FDI)
What is bilateral aid?
Resources given from one country to another
What is multilateral aid?
Resources given by rich countries to SUPRA-NATIONAL ORGANISATIONS
What is emergency aid?
Aid given to countries after a natural disaster
What is development aid?
Monetary funds for development projects
What is an example of charity aid?
Comic relief
What’s an example of a poor country that developed by themselves?
Singapore
What’s an example of foreign direct investment?
China investing in Africa
