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Economics P1: Growth And Development > North South Divide > Flashcards

Flashcards in North South Divide Deck (6)
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1
Q

What is the north south divide

A

Introduced in Brandt report in 1980

Categorize countries on basis of socio economic development level

2
Q

Is it useful today

A

No, became outdated through millennium development goals by the UN

3
Q

Give Examples of south south aid

A

G20

OPEC

4
Q

What is the G8

A

Consists of the most powerful countries in the world

5
Q

What are positives of the north south divide for SA

A

Access or world markets
Trade opportunities
Demand for skilled labour … salary increase

6
Q

What are negatives due to north south divide for SA

A

Low FDI
increase gap between rich and poor
Difficult to compete in world markets due to barriers and subsides