Strategies to reduce the development gap

Investment: TNCs or HICs invest in infrastructure and create jobs.
Industrial development: expands employment opportunities and boosts the economy.
Tourism: creates legal jobs, and workers pay taxes that support the economy.
Fairtrade: ensures farmers in LICs are paid fairly for their produce.
Debt relief: cancelling debts allows countries to invest in development.
Microfinance loans: small loans help individuals start businesses and improve livelihoods.

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