Ways To Reduce Disparities By: Isabel Loontiens and Eugene Ling 12A

Wealth Disparity

Remittances Remittance is a transfer of money by a foreign worker to his or her home country.

Remittances- Advantages Expand Household ’ s Monetary Resources Expand Household ’ s Monetary Resources Improvement in Standard of Living Improvement in Standard of Living Increase Consumption  Multiplier Effect Increase Consumption  Multiplier Effect Opportunities for Investment  Growth of Domestic Market Opportunities for Investment  Growth of Domestic Market

Remittances- Disadvantages In Africa, the restrictive laws and costly fees hamper the power of remittances. In Africa, the restrictive laws and costly fees hamper the power of remittances.

Trade and Market Access Introduction The unfair trading patterns are one of the causes of the development gap The unfair trading patterns are one of the causes of the development gap MEDCs- 75% of world ’ s export MEDCs- 75% of world ’ s export - 80% of manufactured exports. - 80% of manufactured exports. Africa accounts for a 1-2% of world trade. Africa accounts for a 1-2% of world trade. LOTS OF POTENTIAL LOTS OF POTENTIAL

Trade and Market Access- Disadvantages OECD trade distorting subsidies would be abolished or ameliorated so as not to harm or impede African producers OECD trade distorting subsidies would be abolished or ameliorated so as not to harm or impede African producers No negotiating strength No negotiating strength Africa has too little to sell Africa has too little to sell –Inferior quality