Closing the development gap (Year 10 10.2.21)

What is the development gap?

• The difference in temperature between the north pole and the equator.

• The difference on growth between people of different ages.

• The difference in the state of development between HICs and LICs

What has happened to the development gap over time?

• Increased

• Decreased

• Stayed the same

What are primary products or commodities?

• Goods that are trades that are grown, mined or harvested from nature.

• Goods that are manufactured in a factory.

• Services.

Many LICs rely on trade in commodities for their income.

• True

• False

Industrial development can reduce the development gap by:

• growing more primary products to sell.

• opening factories that make high value manufactured goods.

• creating an economy based on services.

"FDI by TNCs can create new jobs in LICs by opening up new factories and offices allowing people to earn higher wages."

Select the correct meaning of the acronyms.

• Foreign Dominated Interrogation

• Foreign Direct Investment

• Transnational Corporations

• Territory New Company

• Low Income Country.

Unilateral aid is money donated by ______ country directly to another.

Large scale aid projects have been criticised because:

(pick 3)

• they don't create enough economic growth and leave the country with large debts.

• money is lost through corruption.

• the investment stimulates economic growth.

• often local people don't have the skills to maintain the development and it falls into disrepair.

________ technology, also sometimes called appropriate technology, is the use of equipment and techniques that are suitable for the country where they are being used.

Fairtrade works by:

(pick 4)

• producers organising co-operatives so they can demand higher prices.

• encouraging grows to sell their land to TNCs and move to big cities and live in favelas.

• paying a minimum guaranteed price.

• offering the Fairtrade premium which can be invested in community projects.

• charging consumers in HICs slightly more.