what strategies exist to reduce the global development gap
aid
debt relief
fairtrade
investment and industrial development
tourism
village savings and loan associations
intermediate technology
key words
multiplier effect
top down
bottom up or grass roots
involves governments, organisations and companies investing into large projects such as infrastructure (roads, aiports, power stations) or industry (hotels, factories)
A 40,000 mega-watt plant is planned to be built in the Democratic Republic of Congo by the Chinese, in return the Chinese get access to there timber.
the fairtrade is most commonly seen on bananas, chocolate, coffee, tea, sugar and flowers.
it represents greater independence for farmers in small countries
it prevents exploitation by large countries by giving realistic prices and better working conditions
by trading more independently, farmers have more control over there business when dealing with larger buyers.
fairtrade pays the produces of the products, a reasonable price
Many poorer countries do not have the skills to maintain expensive equipment. Small-scale, basic solutions are usually more appropriate.
solar cookers are used world wide, they focus the suns rays on the cooking pot. they are cheap and easy to export, have great potential especially in remote places, such as the Himalayas.
combines sophisticated ideas with cheap and available materials, appropiate for use in poorer countries that cannot afford cookers for instance.
less money is spent on cookers --> more money into small buisness and education --> more money back into the country --> less poverty
many poorer countries are in debt from borrowing money from other countries or large global financial institutions such as the world bank to fund development
the money brought in to the country barely repays the interest and often there debt increases
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