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Flashcards in Trade or aid Deck (11):

As the countries grow richer

1) Children get a better education - more responsible jobs
2) Healthcare improves - Children go to school more frequently & adults go to work regularly
* More competitive


Better education means

People work more efficiently
Come up with brighter ideas


Better health

Less time off work
Increase productivity


Poverty in poor countries lead to

1) Disease
2) Unrest across the world


What are the UN doing for world poverty

1) Provides ground rules for global economy by setting standards
2) Promoting political stability
3) Fighting international crime
4) Solve global environmental problems like climate change


Millennium Development Goals 2000

Provide concrete, numerical benchmarks for tackling extreme poverty
• Human development reaches everyone, everywhere


What are the 8 Millennium Goals?

1) Eradicate extreme poverty and hunger
2) Achieve universal primary education
3) Promote gender equality and empower women
4) Reduce Child Mortality
5) Improve Maternal Health
6) Combat HIV/AIDs, malaria and other diseases
7) Ensure environmental sustainability
8) Develop a global partnership for development


What does World Trade Organisation do to rebalance the world's economies?

•Deal with rules of trade between nations
•Creates agreements that are negotiated and signed by world's trading nations and ratified in their parliament
• Provide the legal ground rules for international commerce


International Monetary Fund - rebalance the world's economies?

1) Provides financial assistance and advice to member countries
2) Responsible for the creation and maintenance of the international monetary system
3) International payment among countries in order to foster investment
4) Promote balanced global economic trade


The World Bank - rebalance the world's economies?

1) Financial and technical assistance to developing countries around the world
2) Helps governments in developing countries reduce poverty by providing them money and technical expertise
∆ Education, health, infrastructure, communication and government reform
3) Provides low-interest loans, interest free credit and grants


The G8

Group of the world's riches industrial countries
*Solve economic problems: Oil Crisis
Development, environment and global security issues
∆ USA Japan Germany France Britain Italy Canada Russia