Debt, Aid, and Development (AQA A-Level Sociology): Flashcards
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Practise the cards
15 cards from this deck
Colony definition
Colony definition
Territory controlled by a foreign power
Cash crops examples
Cash crops examples
Coffee and cotton
LEDCs meaning
LEDCs meaning
Less Economically Developed Countries
How debt crisis traps LEDCs
How debt crisis traps LEDCs
Interest accumulates when countries can't pay, creating spiral of debt
Dependency theory attributes debt crisis to?
Dependency theory attributes debt crisis to?
Colonialism, corruption, and greed
Government embezzlement definition
Government embezzlement definition
Theft of funds for personal gain
What fair trade movement does
What fair trade movement does
Pays farmers fixed 'fair' price regardless of market price
WTO role
WTO role
Sets rules for international trade to ensure fairness
Bilateral aid definition
Bilateral aid definition
Government gives direct financial support to another govt
Multilateral aid definition
Multilateral aid definition
Grants/loans from international orgs (IMF, WHO, World Bank)
NGO examples
NGO examples
Oxfam and Christian Aid
UN aid recommendation for rich countries
UN aid recommendation for rich countries
0.7% of national income
Modernisation theory view on aid effect
Modernisation theory view on aid effect
Trickle-down effect - aid to elites benefits local economies
Neo-Marxist view on aid purpose
Neo-Marxist view on aid purpose
Tool that serves capitalist interests, not genuine help
New Right theory: aid's negative effect
New Right theory: aid's negative effect
Creates dependency rather than self-reliance