2. Economic Development & Growth T. Murray & S. Hayes ©

3. Least Developed Countries Are known as fourth world countries According to the United Nations, they have the lowest socio-economic development of all countries in the world Low income (<$750 a year!!!) Poor nutrition and health Severe lack of education and adult literacy T. Murray & S. Hayes ©

4. Why do they have such weak economies? Very small economies Reliance on one product to export Unstable agricultural production A large portion is displaced using natural disaster Example: Haiti T. Murray & S. Hayes ©

5. Developing Countries Relatively low standard of living Undeveloped industrial base Low income resulting in widespread poverty T. Murray & S. Hayes ©

6. How developed countries can help developing countries? Governments can provide foreign aid programs (i.e. Concern etc) Cancellation of National Debts (Bono) T. Murray & S. Hayes ©

7. How developed countries can help developing countries? Improving trading opportunities (Fair Trade) Encourage multinationals in those countries Assisting them with implementing technology T. Murray & S. Hayes ©

8. Why can’t developed countries just make developing countries prosper? T. Murray & S. Hayes ©