Section B - The Economic World Flashcards
(12 cards)
What is Fair trade?
(Strategy to reduce development gap)
Giving farmers a fair price for their products resulting in better living conditions.
What is Microfinance loans?
(Strategy to reduce development gap)
Small grants for businesses, they can eventually pay the loan back - leading to multiplier effect.
What is intermediate technology?
(Strategy to reduce development gap)
Simple, easy to use, technology suited to local population.
How has tourism helped Kenya develop?
Tourism makes up for 12% Kenya GDP.
Money spent on education and healthcare.
600K employed
24 national parks to protect environment.
What happens in stage 1 of the DTM?
The Birth rate and death rate highly fluctuate so tend to cancel eachother out, resulting to a stable but low population.
What happens at stage 2 of the DTM?
Death rate starts to fall and then drops rapidly.
Birth rate remains high, the total population starts to grow.
What happens at stage 3 of the DTM?
Death rate continues to fall before levelling off.
Birth rate starts to fall rapidly.
Total population continues to grow as birth rate exceeds death.
What happens at stage 4 of the DTM?
Birth rate and death are low and fluctuating. As they cancel each other out, the total pop growth slows down and starts to level off.
What happens at stage 5 of the DTM?
Death rate remains constant but birth rate dips below, resulting in a natural decrease. Results in an ageing and declining pop.
What is the international importance of Nigeria?
7th largest population in the world.
12th largest oil producer in World.
Plays ‘peacekeeping’ role in world affairs.
How has the industrial structure of Nigeria changed?
Used to be LIC, now NEE.
100 million people live on more than 1$ per day.
Nigeria’s economy used to be heavily agricultural now 60% of their GDP come from Services and manufacturing.
