strategies to close the development gap

Question 1

what is it

Answer 1

is the difference in wealth, health, education, and living standards between the world’s richest and poorest countries

Question 2

what is top down aid

Answer 2

when money is given by other governments all large companies to poorer countries to help them

Question 3

what is bottom up aid

Answer 3

aid that helps local people

Question 4

what is the multiplier affect in development

Answer 4

when initial investment leads to increase in activity in the economy and more jobs are therefore created from this

Question 5

how does fair trade help

Answer 5

farmers getting paid a fair wage improves living conditions and ensures sustainable production

Question 6

what is debt relief and how does it help

Answer 6

when richer countries cancel the debt of the poorer countries freeing money for health care education and development

Question 7

why is investment important

Answer 7

richer people or businesses put money into developing countries so they can continue developing

Question 8

how does industrial development help

Answer 8

by creating jobs, increasing exports and boosting the countries income

Question 9

how does tourism help

Answer 9

creates income and jobs

Question 10

what is microfinancing

Answer 10

small loans giving to individuals or small businesses in poorer areas to help them become self sufficient

Question 11

what is intermediate technology

Answer 11

simple tool given to the poor to help them build and create there own services