Geography - Development 26/03/26

LIC

low income country - average salary pp > 1035 USD

NEE

newly emerging economy - average salery pp between 1035 and 12536 USD

HIC

high income country - average salary pp <12536 USD

historical factors affecting a countries development

• colonies/empires = income source

• wars/civil wars = money spent on weaponry instead of infastructure

economic factors affecting a countries development

• lack of clean water = absences in the workplace

• corrupt government = unfairly distributed money across population

physical factors affecting a countries development

• exotic diseases = absences in the workplace

• landlocked status = trade difficulties

• extreme weather = costly repairs after natural disasters

foreign aid’s role in closing poverty development gap

food and money is donated to countries in need

tourism’s role in closing the poverty development gap

raises money and spreads awareness for lesser-known holiday destinations to attract more customers

investment’s role in closing the poverty development gap

investing in projects that aid LIC’s in getting more self-sufficient and funding their own education and healthcare services

positive factor contributing to tourism in the Cayman Islands socially

• improves QOL of population

• new activity opportunities for families

negative factor contributing to tourism in the Cayman Islands socially

• affects cultural heritage of the islands

positive factor contributing to tourism in the Cayman Islands economically

• opens new jobs

• attracts new businesses

negative factor contributing to tourism in the Cayman Islands economically

• loss of income for small boating companies

positive factor contributing to tourism in the Cayman Islands environmentally

• regenerate George Town

negative factor contributing to tourism in the Cayman Islands environmentally

• damage to coral reefs