AP Human Geography

 There are large disparities between MDC’s and LDC’s.  Economy/ Wealth  Education  Health Care  Equality between Genders

 Promote development from within  Reducing poverty more important that a few becoming wealthy.  All residents benefit from development equally  Reduce competition so businesses within LDC’s can thrive.  Govt. supports struggling companies w. subsides.  Barriers keep imports out  Tariffs (import taxes)  Quotas  Legal licenses

 Rostow’s Development Model  Focus on specialized resource/ services that others are willing to buy (takeoff industry)  Use profits to develop country  Other industries then grow  Examples:  Four Asian Dragons (Singapore, Taiwan, Hong Kong, S. Korea) focus on manufacturing (clothing, electronics)  Arabian Peninsula focuses on oil

Self- Sufficiency Model  Protection of bad businesses  Low quality goods  No price change  Lack of technology International Trade Model  Unequal distribution of wealth  Dependence on MDC’s  Demand may decline

IMF  Rebuild reserves  Stabilize currency exchange rates  Not used for specific projects World Bank  Develop governments and legal institutions  Financial institutions  Transportation  Social projects

 Not really.  MDC’s remain wealthy, powerful, and in control.  LDC’s often default on loans  Forced to create a structural adjustment program  Conditions may worsen under SAPs.  Areas of need may be cut (health, education, social services)  “The Earth’s poorest people are punished for crimes they didn’t commit.”