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How can we reduce the development gap?. Trade vs. Aid . TARGETS: Explain the role of trade in development. Explain the role of aid in development. Evaluate the options. Initial ideas – what role might trade play?. What does economic growth bring?. Trade.
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Trade vs. Aid TARGETS: Explain the role of trade in development. Explain the role of aid in development. Evaluate the options.
Initial ideas – what role might trade play? What does economic growth bring?
Trade The way forward for the south... Increased trade in industrialising economies – allowing revenues to flow. Countries in the south have to go through the same processes as the north have historically.
Three dependency factors... • Western capitalism. • Economic growth trickling down. • Promotion of free trade – neolibralism – Thatcher and Regan.
How might this link with the DTM? What examples back up this assertion?
Barriers to trade and development... ACTIVE VIEWING... What are the barriers to promoting development through trade?
Trade vs. Aid TARGETS: Explain the role of trade in development. Explain the role of aid in development. Evaluate the options.
Given in response to a sudden incident in a country. Aid given directly from one country to another. Charities such as Oxfam, raise money for development projects. A responsible body directs operations from the top. Aid that involves people working in close relations to communities. Aid given by governments to international aid organisations. Investment in agriculture, health, education and infrastructure.
The downside of aid... • Aid does not reach those that need it. • Lack basic infrastructure to effectively deploy it. • Corruption. • Aid dependency – especially on food. • Strings attached – tied aid with conditions.
Trade vs. Aid TARGETS: Explain the role of trade in development. Explain the role of aid in development. Evaluate the options.