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Inequalities from unequal flows of Money (money flow types (remitances,…
Inequalities from unequal flows of Money
negatives
inequalities
dependency
less incentives for govs to improve own countries
FDI
damage economy for local buisnesses
foreign companies
superior capital
superior tecnology
more efficient manufacturing
conflict
foreign aid
benefiting armed groups
fund conflict
FDI
FDI vs locals
agriculture
poor farmers evicted
larger plantations
injustice
companies pressuring LEDC govs
laws
cheaper investment
cutting environmental regulatons
working condition laws weakened
money flow types
remitances
foreign aid
FDI
income from trade
unequal money flow
developed -> less developed countries
infrastructure investment
Rich TNC's
mineral extraction
less developed countries
developing countries
lack capital required to invest in other countries
benefits
developed
FDI
TNC's/companies
take advanatage
cheap raw meterials
low labour costs
foreign countries
developing/host countries
FDI
foreign capital
expertise
Foreign aid
improve living standards
rebuild infrastructure post disaster