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Geography Paper 2- Changing economic world (Reducing the development gap…
Geography Paper 2- Changing economic world
Definitions and concepts
HDI
Life expectancy
GNI
Literacy rate
Combination of the 3.
GNI
Gross National Income
Wealth per person, negative indicator as it only focuses on wealth and not social and it is just an average of wages.
Uneven development
Rich getting richer
poor getting poorer
Difference between rich and poor
Causes
Econmic
Money-less to spend on infrastructure
Physical
Location-landlocked
Historical
Corruption
Reducing the development gap
Microfinance
AID
Goat aid
Tied
global/international
Investments
Can help
Debt relief
They don't have to pay debts if they don't cut down trees which is good for the environment.
Industrial development
Good method of reducing the gap helps the infrastructure in the poorer countries
Fair trade
The farmers will actually receive some money from their crops.
Tourism
Not all year round
Can be halted by events- terrorist attack
Intermediate technology
Growth in NEE
Nigeria
It is a part of the UK's commonwealth and was previous colonised by them.
200,000 jobs created via the multiplier effect.
$2 billion a year by 2024
Nigeria is an NEE located in the west of africa.
It is sub-saharan( below the sahara desert)
Economic futures in the UK