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The Development Gap (Reducing the Development gap (Aid (Large charities…
The Development Gap
Reducing the Development gap
Tourism
Creates industry and jobs as well as attracting foreign investment
In 2014, tourism made up 24% of Jamaica's GDP
This has led to an investment and increased incomes from locals - which can be used for improved education, healthcare, housing and infrastructure
Fair Trade
Offers primary sector farmers a fair price on their raw products
Debt Relief
Aid
Large charities donate different types of aid to assist a country with development
The farmer gets a fair price and all the money made from the sale of the crop
Investment
HICS invest in projects in LICS and NEES to further development of LICS and accessing the resources of the LICs
Chinese companies have invested billions of dollars in Africa, including investing in a power plant in Zimbabwe and railway construction in Sudan
Free Trade
Micro finance: Small scale financial support to help people start up small businesse
Aid can take the form of money, emergency supplies, food or technology and specialist skills such as doctors
Case Study: Malaysia
Exploited foreign investment to abuse their natural resources and expand the country
Brings in employment, higher incomes and opportunites to invest in housing, education and infrastrcture
Health
Life Expectancy
Life expectancy can be decided by multiple factors therefore effective
Infant Mortality
Deaths per 1000
Access to clean water %
Problems with the development gap
Many LICs borrowed money to improve their economies but with rising interest rates and a reduced value of their products, it has caused a debt crisis
The EU has a 15% import tariff on chocolate but not cocoa beans. Therefor countries such as Ghana are forced to trade primary products instead of developing its own industries which would be more valuable
Quotas are limits on the quantity of good that can be imported
Tariffs: a taxes paid on imports to make locally produced goods cheaper
Economic
GNI/Gross National Income
Pros: Easy to compare nations
Cons: Hard to work out where wealth is spread
Compares how rich a country is altogether
Primary Industry
Pros: Can easily identify industry sectors
Cons: Will not find NEE'S
What is their main industry?
Vehicles per 1000
Education
Literacy Rates
How many people can read and write?
Level of academic progress
What level of education are automatically avaliable
RIch North Hemisphere Poor South Hemisphere
