Reducing the Development Gap Flashcards
(8 cards)
1
Q
(3)
How can investment reduce the development gap?
A
- Spending money in a location of a firm.
- Leads to better access to FINANCE and TECHNOLOGY
- Results in GLOBALISATION
2
Q
(3)
How can aid reduce the development gap?
A
- Money/resources given to another country
- by ORGANISATIONS/ forgein GOVERNMENT
- Able to invest in development projects.
3
Q
(3)
How can Fair Trade reduce the development gap?
A
- ALL farmers get a FAIR price for goods they PRODUCE
- Companies selling ‘FAIRTRADE’ products have to PAY PRODUCERS a fair price
- Income of farmers INCREASE.
4
Q
(2)
How can using intermediate technology reduce the development gap?
A
- Improve the quality of life
- Many have DISPOSABLE INCOME to afford these.
5
Q
(3)
How can microfinance loans reduce the development gap?
A
- Small loans given to needy people
- Enables them to have DISPOSABLE INCOME
- to spend on larger projects/ more products.
6
Q
(2)
How can industrial development reduce the development gap?
A
- Boosts GNI and development
- Productivity increases.
7
Q
(2)
How can Debt Relief reduce the development gap?
A
- Some/all of a country’s debt is CANCELLED.
- Country has more to spend on DEVELOPMENT.
8
Q
(2)
How can tourism reduce the development gap?
A
- More people finding job opportunites
- Resulting in multiplier effect
- Increases GNI
