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Development Indicators - Coggle Diagram
Development Indicators
Tourism
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Benefits a range of local businesses including taxis, restaurants, shops and the construction industry.
The growth of tourism has boosted the agricultural sector as demand for food has increased with tourist numbers.
Due to the economic boost provided by tourism the government has been able to invest more money into education and health care.
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The north-south divide
What is it?
The cultural, economic, and social differences between the UK
Many businesses choose to set up in the south of England, this creates a wealth divide. Those living in the north of the country experience lower incomes, higher unemployment and a lower standard of living than those living in the south
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Cities like London and Milton Keynes in the south have seen a large growth in the number of jobs available, whilst Blackpool and Hull in the north have seen a large decline.
The relocation of some businesses and organisations can also help. For example, the BBC moved many of its offices to the newly built MediaCityUK in Salford in 2011. Since then, the multiplier effect has led to other companies locating close by
International Aid
Different types of aid
Multilateral aid – when more than one country gives money, eg through the World Bank.
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What is it?
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International aid Foreign aid, the international transfer of capital, goods, or services from a country or international organization for the benefit of the recipient country or its population.
Aid can be economic, military, or emergency humanitarian (e.g., aid given following natural disasters)
TNCs
What are the advantages?
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investment in infrastructure, eg new roads – helps locals as well as the TNC
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What is it?
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Transnational corporations (TNCs) or multinational corporations (MNCs) are companies that operate in more than one country. Unilever, McDonalds and Apple are all examples of TNCs.
TNCs tend to have offices and headquarters located in the developed world. They often have factories in countries that are not as economically developed to take advantage of cheaper labour
Transnational corporations are among the world's biggest economic institutions. Some experts suggest that the 300 largest TNCs own or control at least one-quarter of the entire world's productive assets
