Top-down strategies to reduce global inequalities
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I can describe the advantages and disadvantages of top-down strategies used to reduce global inequalities.
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Top-down and bottom-up strategies to reduce global inequalities differ in scale, aims, funding and technology.
Strategies such as foreign direct investment contribute to globalisation, but some countries benefit more than others.
Foreign direct investment by TNCs can lead to large-scale, economic change; but profits leak and jobs may be short-term.
Loans from IGOs for large infrastructure projects can deliver technological solutions, but also risk debt problems.
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