This KS3 Geography quiz looks at development. A poor country is known as a Less Economically Developed Country, or LEDC for short. They usually have an economy that is based on farming. In order to develop the economy, an LEDC needs to industrialise. The reason for that is because manufactured goods can be exported and sold for more money than agricultural produce. Countries that have very few natural resources can find it more difficult to develop. MEDCs (the richest countries) donate money to help with the development of LEDCs.
Regional development is the provision of aid and other assistance to regions which are less economically developed. Regional development may be domestic or international in nature. Many MEDCs pay money into an organisation called the World Bank. This organisation then pays that money to LEDCs in order to help them with projects that will develop their economy. But that doesn't always work for all the people in an LEDC. Some become trapped in a poverty cycle when they have their land taken from them for industrial or intensive agriculture.