The development gap can be reduced through several strategies, such as investment, tourism, industrial development, aid, debt relief, microfinance loans, intermediate technology, and Fairtrade.
What does reducing the development gap mean?
Development means positive change that makes things better. It usually means that people’s standard of living and quality of life will improve. The Development gap is the difference in standard of living between the world’s richest and poorest countries.
What is a development gap?
The Development Gap refers to the widening difference in levels of development between the world’s richest and poorest countries. There are many different measures used to assess the development gap. Geography. Contrasts in world development.
What is an example of a development gap?
People who are malnourished have a low quality of life. 2) People also have fewer crops to sell, so less money to spend on goods and services. This also reduces their quality of life. 3) The government gets less money from taxes (as less is sold and bought).
How can tourism close 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 3 reasons for the development gap?
Environmental factors
- Natural Hazards. Many poor countries have no defences for floods, storms or earthquakes.
- Climate extremes. Many LEDCs experience climatic extremes in deserts, tundra or tropical rainforest areas.
- Natural resources.
Which is the biggest cause of the development gap?
There are many causes of uneven development; physical (climate, the natural resource curse, and landlocked countries), economic (the cycle of poverty, global trading systems), and historical (colonialism). The consequences of uneven development are wealth disparities, health disparities and international migration.
How can we close the gap between developed and developing countries?
Globalization should not be imposed on developing countries; an equitable international economic order must be established in favour of those countries. A peaceful and stable international environment should be created as well.
Why is aid the best way to reduce the development gap?
How can aid reduce the development gap? In this case, aid is usually in the form of financial assistance offered by countries, organisations and TNCs. Long term aid supports development projects such as improving sanitation, water supply and education. Short term aid is often given in response to natural disasters.
What is development gap and how is it measured?
2. Development Development means the way in which a country seeks to improve economically and raise the standard of living for its inhabitants. The Development Gap refers to the widening difference in levels of development between the world’s richest and poorest countries.
Why is the development gap a problem?
The Development Gap
Populations in countries at low levels of development can become more vulnerable to ill health (as we have seen with HIV and AIDs in sub-Saharan Africa) which reduces the productivity of the workforce.
What is the development gap BBC?
The development gap refers to the differences between high income countries (HICs) and low income countries (LICs) . Gross National Income (GNI) per capita , Human Development Index (HDI) and literacy rates are development indicators. These help us to compare different countries.
What are the consequences of the development gap?
Uneven development leads to inequality of wealth and health within a country and international migration.
Why is it important to reduce the development gap?
Many believe that the gap between the high income countries (HICs) and low income countries (LICs) is getting wider. Reducing the development gap would lead to an increase in the quality of life for millions of people around the world.
How do you bridge the gap between developed and developing countries?
Social development and sustained economic development were interlinked. Globalization should not be imposed on developing countries; an equitable international economic order must be established in favour of those countries. A peaceful and stable international environment should be created as well.
Why is there a development gap between rich and poor countries?
Differences in the economic growth rate of nations often come down to differences in inputs (factors of production) and differences in TFP—the productivity of labor and capital resources. Higher productivity promotes faster economic growth, and faster growth allows a nation to escape poverty.