Managing Differences in Development Flashcards

1️⃣ Familiarise yourself with the flashcards:

  • Look through all the flashcards to see what’s on both sides.
  • Make sure you understand the information on each card. If something’s unclear, click the link to the revision notes at the bottom of the page for more details.

2️⃣ Test yourself:

  • Look at the question or prompt on each card and try to remember the answer before flipping it over.
  • Check the answer and make a note of any cards you find challenging and need to go over more.

3️⃣ Consistently Review and Practice:

  • Use spaced repetition: spend more time on the cards you struggle with and go over them more often.
  • Regularly review all the flashcards to help you better understand and retain the information over time.

Note: We may include questions that have multiple correct answers. It’s useful to remember specific examples to understand these concepts better.

What is the development gap?

The development gap is the difference in levels of development between countries.

Citizens of High-Income Countries (HICs) have a significantly better quality of life than those in Low-Income Countries (LICs).

How does investment help reduce the development gap?

Investment from countries and Transnational Corporations (TNCs) provides income and employment in LICs. This leads to better infrastructure like the Internet and roads, which are essential for further development.

What is the role of Fair Trade in reducing the development gap?

Fair Trade ensures that producers are paid a fair price for their goods, helping farmers in LICs earn better wages, escape poverty, and improve their quality of life.

How does tourism contribute to reducing the development gap?

Tourism brings cash to a country through investment from multinational businesses and income to local businesses, offering employment opportunities and boosting the local economy.

What is intermediate technology, and why is it important for LICs?

Intermediate technology involves providing suitable technology and equipment for the conditions in LICs. These are often smaller-scale and more appropriate than expensive, high-tech solutions.

How does debt relief help LICs?

Debt relief cancels large debts owed by LICs, removing a financial burden and freeing up money for investment in their economies, as seen when the IMF cancelled debts for 19 countries in 2006.

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