Year 11 - Geography
Strategies to reduce the development gap: industry and investment
Global variations in economic development
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This pupil-friendly study guide includes a unit summary, clear notes, common mistakes, and quick questions with answers.
Unit Summary
This unit teaches pupils about global economic development. Pupils learn how, using a variety of measures, economic development is unequal and how this is reflected in demographic characteristics. Pupils learn about the causes and consequences of inequality and consider how they can be reduced.
Lesson Summary
You will learn to explain how industry and investment strategies reduce the global development gap.
Key Notes
- Various strategies exist to reduce the development gap.
- The development of manufacturing industries can help to reduce the gap.
- The development of services industries, including tourism, can contribute to economic development.
- Foreign direct investment in infrastructure can promote economic growth.
- Microfinance loans allow people to set up small businesses and become self-sufficient.
Vocabulary To Learn
- development gap: the widening difference in standards of living and wellbeing between the world's richest and poorest countries
- manufacturing industries: the secondary economic sector, involving making goods from raw materials or other manufactured products (for example motor vehicles)
- service industries: the tertiary economic sector, which includes tourism, banking, education and health
- microfinance loans: the provision of small-scale loans given to people in LICs to help them start a small business
Common Mistakes To Avoid
- The development of new jobs in industry occurs at a large scale, involving huge factories and investment by a transnational corporation.
3 Quick Questions (With Answers)
1. Explain this geography topic using two clear key points.
Various strategies exist to reduce the development gap. The development of manufacturing industries can help to reduce the gap.
2. Define this geography term and use it in an example. 'development gap'
the widening difference in standards of living and wellbeing between the world's richest and poorest countries.
3. Correct this common geography misunderstanding.
Mistake: The development of new jobs in industry occurs at a large scale, involving huge factories and investment by a transnational corporation. Correction: Microfinance loans can also support the development of new jobs in industry, at a smaller scale.
More Lessons In This Unit
- Causes of global inequalities Study Guide
- Consequences of global inequalities Study Guide
- Defining development Study Guide
- Development and demography Study Guide
- Example of how tourism can reduce the development gap Study Guide
- Measuring development Study Guide
- Strategies to reduce the development gap: Fairtrade, debt relief and aid Study Guide
- Using GIS maps to analyse links between inequality and migration Study Guide
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