Reducing The Development Gap

Question 1

What is microfinance and how does it help with debt relief

Answer 1

Microfinance is small loans are given to individuals or families to help them set up businesses

Question 2

What is the problem with many lics borrowing money for development?

Answer 2

How many countries borrowed money to develop economies and export more. This has led to debt crisis.

Question 3

How can debt relief reduce the. Development gap.?

Answer 3

Debt relief has helped poor countries invest in development project such as infrastructure.
African counties still have over $300 billion in debt.

Question 4

What is aid? Give an example of Oxfam providing aid.

Answer 4

Country or NGO such as Oxfam donates resources to another country to help it develop or improve peoples lives.
In 2013 Pakistan received £338 million from the UK to help with education and reducing hunger and poverty .

Question 5

what is fairtrade and examples of how it’s implemented.

Answer 5

International movement that set standards for trade to ensure producers in poor countries get a fair deal
such as farmers getting a fair price and all the money from the sale of the crop.
Farming is done in an environmentally friendly way

Question 7

What are the three main factors to help reduce the development gap?

Answer 7

Investment industrial, development and tourism

Question 8

What is an economic migrant?

Answer 8

Person who moves voluntarily to see better life such as a better paid job

Question 9

What are the positives and negatives of economic migration into the UK?

Answer 9

Since 2004 over 1.5 million economic migrants have come to the UK.
Migrants can put pressure on services such as health and education but most pay tax and Work hard