Often asked: How Can Investment Reduce The Development Gap?

How can you reduce the development gap?

Various strategies exist for reducing the global development gap. An overview of the strategies used to reduce the development gap: investment, industrial development and tourism, aid, using intermediate technology, fairtrade, debt relief, microfinance loans.

How tourism can reduce the development gap?

By taking advantage of the tourism industry and exploiting the resources that are available to them, people will be able to earn a living, which reduces the development gap due to more people having jobs and an income. Not only will tourism decrease the development gap directly, but also indirectly through tax revenue.

What are the main causes of the development gap?

The gap is generally caused by rich countries being able to exploit the poorer countries as they have the dominant political power to be able to do so. As a result, the poorer countries suffer from lack of resources and spiral into poverty cycles which widen the development gap.

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What is the development gap?

The Development gap is the difference in standard of living between the world’s richest and poorest countries. Measuring development: It take different factors of development into consideration. This is a composite indicator.

Is the development gap widening or narrowing?

What Is The Development Gap? The Development Gap refers to the widening difference in levels of development between the world’s richest and poorest countries.

What is the link between trade and development gap?

A trade surplus allows a country’s economy to grow, while a trade deficit makes a country poorer. Increasing trade and reducing their balance of trade deficit is essential for the development of a country. However, sometimes developed countries impose tariffs and quotas.

How has tourism in Jamaica helped to reduce the development gap?

How has Jamaica reduced the development gap? Tourism employs the second largest number of Jamaicans (approximately 200,000) both directly, in hotels, transport and attractions, and indirectly in trading, manufacturing and banking. Tourism in Jamaica benefits local farmers through the sale of produce to hotels.

How has tourism in Kenya helped to reduce the development gap?

Positive effects of tourism Improved living standards, with more schools and hospitals. Infrastructure improved. Safari parks protect animals from poachers and can stop extinction of species. Local tribes are able to make money by selling handicrafts, eg the Maasai tribe.

How does tourism help development?

Tourism boosts the revenue of the economy, creates thousands of jobs, develops the infrastructures of a country, and plants a sense of cultural exchange between foreigners and citizens. The number of jobs created by tourism in many different areas is significant.

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What are the 3 causes of uneven development?

This resource looks at the causes of uneven development. Students focus on the three main factors that impact levels of development: physical causes, economic causes and historic causes.

Why is there a development gap between rich and poor countries?

‘ The main driver behind rising income gaps has been greater inequality in wages and salaries, as the high skilled have benefited more from technological progress than the low skilled.

What is a physical cause of the development gap?

There are many factors which lead to, and have led to, the world being unevenly developed. From historical human factors such as conflict (war) and political instability, to physical factors such as climate, relief and natural hazards.

What are the 4 indicators of development?

The main social indicators of development include education, health, employment and unemployment rates and gender equality, and this post introduces students to the specific indicators which institutions such as the World Bank and United Nations use to measure how ‘developed’ a country is, and the main indices which

What are the consequences of the development gap?

The consequences of uneven development include;

  • More International Migration, as people move globally from areas that have very little to wealthier more developed areas.
  • Lack of social opportunity – children in poorer areas get stuck in poverty, with little or no chance of working their way out.

What are 3 reasons for the development gap in Africa?

There are three key reasons:

  • There is a limited supply of professional local researchers.
  • The average amount of funding available for research in sub-Saharan Africa lags far behind that of other regions.
  • Significant political economic challenges exist.

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