level: The Development Gap [Irrelevant]
Questions and Answers List
How do some countries get richer than others? and is there a way to lessen it.
level questions: The Development Gap [Irrelevant]
| Question | Answer |
|---|---|
| What is Aid? Is there any challenges? | This is where money and resources are given to another country to help them recover maybe from a natural disaster or in huge population growth. The challenge could be from corruption by the government or it gets stolen. |
| What makes countries richer than others? | It depends on 1. Its history, did it get colonized, did it have an empire, does it get along with its neighbours. 2. It economic side, does it have any primary products, is it in debt. 3. Its physical side. does it have any natural resources, does it have good climate, dose it have a coast. |
| Define Development | Improving or getting better |
| What is the HDI | The HDI is the Wealth, Education and Health systems are in the country. This is commonly used to measure Development. |
| Why is HDI a good way to rank countries? | The reason is because if you only use one type like GDP per capita, it will tell you how much money people get but has the number can be imbalanced by very rich people and also its says nothing about Education, Health etc... |
| What is Intermediate Technology and why is it used? | Intermediate technology is where its something simple to make and cheap to use. Like bikes. Its good for some lesser developed countries as they cant afford to have high tech technology as they might not have enough money, resources, jobs. |
| What is Debt Relief? | Debt Relief is simply cancelling or just lowering the interest of the money you owe back. This could help some countries who struggle to get money. |
| What is Foreign Direct Investment? | This is where companies invest into LIC's and NEE's to make jobs, money, improve infrastructure etc.. |
| How does Toruism help a country out? | Countries like Jamaica benefit hugely from tourism. Tourism can create a lot of jobs and money and can also help out the local businesses like restaurants and pubs as because more people come in to eat and stay. |
| What is Fair trade? | Fair trade is where farmers can get a fair price for the crops they grow/obtain. |
| How do you Industrial Develop? | For that to happen, you need factorises. They can make more products, employ more people, increase the GDP overall, improve infrastructure and transport and can open new trade |
| What is a micro finance loan? | This is just like a loan except its for people who struggle paying back a normal loan. This can be used to start business and buy essentials. |
| What exactly is the Development Gap? | This is the difference between HIC's [Higher Income Countries] and LIC's [Lower Income Countires.] eg. comparing UK and The Gambia or Japan and Niger |
| What are the 4 different types of Aid? | 1. Short term aid. Usually provided after disasters and used for funding emergency operations 2. Long term aid. Usually provided to help the economic and social development side for a long time period. It's mainly HIC's giving to LIC's and NEE's 3. Top down aid. Usually provided to make large scale projects that can make massive impacts. Its mainly the Governments and organisation [like the UN] that give this type of aid. 4. Bottom up aid. Usually provided to help local communities out and can help their quality of life. This goes right to the people. |
| What are TNC's. And are they good? | TNC's are companies that operate in more than in one country. They expand internationally and can help themselves out and countries too. India is a very nice place for TNC's as their large pool of labour and low wages makes it very nice. TNC's provide jobs and can help the infrastructure while the Indian government gets taxes from them and their employment rates go up. However TNC's could drain resources from their local community or the working condition could be shambles. |