Strategies to reduce the development gap: industry and investment
Lesson details
Learning outcome
I can explain how industry and investment strategies reduce the global development gap.
Key learning points
- Various strategies exist to reduce the development gap.
- The development of manufacturing industries can help to reduce the gap.
- The development of services industries, including tourism, can contribute to economic development.
- Foreign direct investment in infrastructure can promote economic growth.
- Microfinance loans allow people to set up small businesses and become self-sufficient.
Keywords
Development gap - the widening difference in standards of living and wellbeing between the world’s richest and poorest countries
Manufacturing industries - the secondary economic sector, involving making goods from raw materials or other manufactured products (for example motor vehicles)
Service industries - the tertiary economic sector, which includes tourism, banking, education and health
Microfinance loans - the provision of small-scale loans given to people in LICs to help them start a small business
Common misconception
The development of new jobs in industry occurs at a large scale, involving huge factories and investment by a transnational corporation.
Microfinance loans can also support the development of new jobs in industry, at a smaller scale.
Teacher tip
There are further opportunities to explore the strategies of industrial development and investment: in this unit; and within the case study of a newly emerging economy.
Licence
except where otherwise stated. See Oak's terms & conditions (Collection 2).Lesson video
Loading...
Prior knowledge starter quiz
6 Questions
Q1.What does 'development' mean in geography?
Q2.Which of the following is a common measure of development?
Q3.What does HDI stand for?
Q4.Which of the following best describes an LIC?
Q5.What is the development gap?
Q6.Which of these is a physical factor that affects development?
Assessment exit quiz
4 Questions
Q1.What sector are manufacturing industries part of?
Q2.What is the purpose of microfinance loans?
Q3.How can investment reduce the development gap?
Q4.Which of the following is a true statement about job creation in industry in LICs and NEEs?
To help you plan your 11 geography lesson on: Strategies to reduce the development gap: industry and investment, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your 11 geography lesson on: Strategies to reduce the development gap: industry and investment, download all teaching resources for free and adapt to suit your pupils' needs.
The starter quiz will activate and check your pupils' prior knowledge, with versions available both with and without answers in PDF format.
We use learning cycles to break down learning into key concepts or ideas linked to the learning outcome. Each learning cycle features explanations with checks for understanding and practice tasks with feedback. All of this is found in our slide decks, ready for you to download and edit. The practice tasks are also available as printable worksheets and some lessons have additional materials with extra material you might need for teaching the lesson.
The assessment exit quiz will test your pupils' understanding of the key learning points.
Our video is a tool for planning, showing how other teachers might teach the lesson, offering helpful tips, modelled explanations and inspiration for your own delivery in the classroom. Plus, you can set it as homework or revision for pupils and keep their learning on track by sharing an online pupil version of this lesson.
Explore more key stage 4 geography lessons from the Global variations in economic development unit, dive into the full secondary geography curriculum, or learn more about lesson planning.