The Future Global Economic Situations

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The Future Global Economic Situations - A2 Geography

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The Future Global Economic Situations

  1. 1. The Future Global Economic Situations<br />A2 Geography<br />
  2. 2. What are the Possibilities for the future?<br />As we have seen, we may all have differing view of the future<br />There is no question that we can achieve the overreaching goal of eradicating poverty – we know what to do<br />But it will take a long term effort<br />
  3. 3. Recent projections put that the amount of people living on less than $1 a day will fall from 29% (1990) to 10% by 2015 <br />Most places are on target to achieve MDG1 except for sub Saharan Africa<br />What problems would enhance or hinder the process of development<br />
  4. 4. Activity<br />What factors do you think would hinder or help the process of development?<br />
  5. 5. Factors Affecting Development<br />
  6. 6. The Global Economic Situations<br />The future of the DG is uncertain – the recent credit crisis has brought this home<br />Increases in food and energy prices have created problems in poorer countries<br />How far it pushes these LEDCs in the 21st century remains to be seen. <br />Pakistan was almost forced to the edge of bankruptcy due to oil prices, having only one more months of imports.<br />
  7. 7. The Level of Official Development Assistance<br />In 1970 it was agreed that all the rich donor countries govts promised to spend 0.7% of its GDP on international aid<br />Nearly all of them have consistently failed to reach this target<br />
  8. 8. Sustainable Development<br />If the DG is to narrow we will need to rely on sustainable strategies<br />
  9. 9. Microcredit and Social Business<br />Grameen Bank – Bangladesh<br />has reversed conventional banking practice by removing the need for collateral and created a banking system based on mutual trust, accountability, participation and creativity. GB provides credit to the poorest of the poor in rural Bangladesh<br />Women benefit from most of these loans<br />
  10. 10. Loans include things like buying a cow to sell milk<br />The concept spread to 25 countries and 3.6million people.<br />It’s creator Muhammad Yunus says that Social business is the next area it wants to use in its battle to fight poverty<br />He argues that poverty is created by economic, social and political systems and not laziness, ignorance or moral failings<br />He sees women as the driver of this change<br />
  11. 11. Bibliography<br />Grameen Bank<br />

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