Key learning points

1. Strategies to support development can be top-down or bottom-up
2. Investment, aid, debt relief and fairtrade are all strategies to reduce the development gap
3. All strategies to reduce the development gap have strengths and weaknesses.

Keywords

• Investment - where money is spent in a country to improve infrastructure or resources

• Aid - help given by a group or country to support development in another country or for disaster relief

• Debt relief - when debt is cancelled or reduced

• Fairtrade - an organisation dedicated to improving the income and lives of farmers in lower income countries by making trade fairer

Common misconception