strategies to reduce development

Question 1

the stratagies

Answer 1

• investment
• industrial development
• free trade
• tourism
• aid
• immediate tech
• fairtrade
• debt relief
• microfinancie loans

Question 2

investment strat

Answer 2

• TNC’s invest in LIC’s to provide money and therefore employment

Question 3

example of investment

Answer 3

eg. china to Africa
- mining
- construction
- manufacturing

Question 4

industrial development

Answer 4

• bring employment and income = better housing and quality of life
  eg. china
  agriculture –> manufacturing

Question 5

free trade

Answer 5

• top down (decision made from the top downwards aka the people with high to low power)
• trading free of charge and tax

Question 6

tourism

Answer 6

• tourism
  = good investment and income
  = better infrastructure + creates direct and indirect jobs
  (dangerous is money is scarce)

Question 7

aid

Answer 7

• NGO’s donate (food, water, resources, etc) to improve lives
  eg. UK gives Pakistan 35 million pounds -> used to better education

Question 8

immediate tech

Answer 8

• suitable projects for the needs of the country
  eg. micro hydro in Nepal
  = enough energy that can be used for phones, tv, working at night etc.

Question 9

fairtrade

Answer 9

• producers get a good price
• environmentally friendly
• some of the end price goes to the locals
  eg. 90% of coffee farms in east Uganda joined gumotindo coffee cooperative
  = milled -> roasted for a better and higher value

Question 10

debt relief

Answer 10

• debt is cancelled to focus on development
  eg. 2006 the IMF cancelled the debt of 19 countries
• BUT corrupt gov take the money

Question 11

microfinance loans

Answer 11

• small financial support to encourage self sufficiency
  Grameen bank in Bangladesh for women (1976)