Development Continuum

Question 1

Definition of development continuum

Answer 1

The variation in the economic development of countries.

Question 2

Primary products…

Answer 2

Can be moved more cheaply. (Eg. raw material shipping is only a 1/3 of the cost in the 1920s)`

Question 3

Trade barriers…

Answer 3

are now fewer which has stimulated more trade. (Dominated by the MEDW - account for 75% of exports.)

Question 4

Regulatory bodies…

Answer 4

are dominated by a few wealthy states. Rule changs only come into the agenda when they involve the MEDW.

Question 5

Transfer of technology…

Answer 5

into the LEDW has increased their productivity - widens the gap between countries as people in LEDCs are doing more work for the same money