Why are some countries much poorer than others today? This KS3 Geography quiz explores how history, trade and power affect patterns of global development.
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Informal employment is common in LEDCs
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They are trapped because they need money to help them to improve their lives. If they can't get jobs or if they can't buy tools and materials to grow or make things to sell, they are stuck in poverty. There are even people in the UK caught in a poverty cycle, it is not just a problem limited to LEDCs
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This increases the profits of companies who do this
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Raw materials can be extracted and used to increase wealth
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It receives donations from rich countries which can then be shared out to poor countries
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Colonies were common in the past - rich countries stripped many of them of their wealth
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Money for development may be wasted in the war
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Exports are important to a country as they bring money into the country from other countries
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Natural resources are usually sold for low prices
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A positive balance of trade means that a country earns more from its exports than it spends on its imports
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