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Natural Resources**:**
Natural Hazards:
Location/Terrain:
Landlocked countries face trade difficulties.
Mountainous terrain makes farming difficult.
Scenic areas attract tourists. Climate:
Reliable rainfall benefits farming.
Extreme climates limit industry and affect health.
Climate can attract tourists.
Aid:
Can help countries develop key infrastructure projects faster.
Improves services like schools, hospitals, and roads.
Over-reliance on aid can hinder the establishment of trade links. Trade:
Trade surplus (exporting more than importing) improves the economy.
Good trade relationships are beneficial.
Trading goods and services is more profitable than raw materials.
Education:
Creates a skilled workforce, producing more goods and services.
Educated people earn more, contributing more to the economy.
Investment in education fosters future development. Health:
Lack of clean water and poor healthcare lead to widespread disease.
High disease burden limits economic contributions.
Investment in healthcare diverts funds from development.
Politics:
Corruption in government hinders development.
Stable governments enhance trade abilities.
Government investment in services and infrastructure promotes growth.
War and conflict slow development and lead to destruction. History:
Colonialism has slowed development in many countries, stripping them of wealth.
Former colonies often remain at lower development levels.
Wealth distribution and exploitation during colonial times impact current development.
Countries develop unevenly due to a combination of physical factors (natural resources, hazards, climate, location) and human factors (aid, trade, education, health, politics, history). Understanding these factors is key to addressing global inequalities.
Microfinance Loans:
Foreign-direct Investment (FDI):
One country buys property or infrastructure in another.
Improves access to finance, technology, and expertise.
May come with conditions that countries must comply with Aid
Given from one country to another as money or resources.
Improves literacy, infrastructure, and agriculture.
Can be misused by corrupt governments or create dependency.
Long-term Aid: Ensures long-term change.
Short-term Aid: Immediate help in crises. Debt Relief:
Cancelling or lowering a country's debt.
Frees up resources for development.
Conditions may apply from donor countries.
Fair Trade:
Technology:
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