Trade, aid and investment (Edexcel GCSE Geography A): Flashcards

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Trade, aid and investment
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3 key economic processes influencing development

Trade, aid and investment

International trade definition

Exchange of goods & services between countries

Exports definition

Goods leaving the country

Imports definition

Goods coming into the country

India's trade change in 1990s

Dramatic increase in imports & exports

India's main trading partners

USA, China, European nations

India's 2022 commercial services export rank globally

7th

India's most important exports by value

Oil products, gems & jewellery

India's main imports

Crude oil, gold, silver, electrical goods

International aid definition

Financial assistance, resources or expertise to support development

India's changing aid role

Receiving less aid, giving more to Nepal & other nations

Net foreign aid meaning

Difference between aid received & aid given

Public investment definition

Government spending on essential services & infrastructure

Private investment definition

Investment from TNCs & smaller businesses

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