1.1 Economic development Flashcards
Pre industrial economy
-Malwai - 70 primary, 20 secondary, 10 tertiary.
Agriculture 27% of GDP, 80% of employment - 50% of revenue from tobacco.
Manufacturing accounts for 11% of GDP
Service sector accounts for 52%, mainly tourism
Industrial economy
-China primary 30, secondary 40, tertiary 30
Primary - 25% of workforce Only 15% land cultivated Industry 25% of workforce, 50% GDP Exports electricity and machinery Service sector accounts for 50% of workforce and 45% of GDP
Post industrial economy
UK - primary <5, secondary 20, tertiary 70-80
Primary 1% of employment
Industry accounts for 18% of workforce
Service accounts for 81% of workforce
Services contribute 80% of GDP
Highest GDP and lowest GDP
Highest: US, Switzerland, China, Germany, Japan
Lowest: Niger, Burundi, Mozambique, Malawi, Haiti
Least developed (HDI)
Most corrupt
HDI - Bangladesh, Nepal, Angola, Senegal
Corrupt - South Sudan, Iraq, Colombia, Mexico, Brazil, Russia, Kazakhstan
Happiest
Gender equality
Happy: Finland, Denmark, Switzerland, Netherlands, Iceland
Gender equality: Switzerland, Iceland, Norway, Finland, Sweden
Birth rates
Kerala 1.82 fertility compared to 2.2 india
13.9 per 1000 to 17.4 per 1000
Monaco lowest BR + 4th highest GDP/capita
Negative:
Nigeria 47.3/1000 and poor
Ignores migration 5.3 migrants in Saudi Arabia
GDP/capita
Positive:
USA - 19.5tn, Burundi 3.3bn
Negative:
East China - 15,000 West China 8000 - doesn’t account for inequality
-UK unpaid household work estimated at $1.24tn
HDI
Norway - 0.95
Niger - 0.38
Saudi Arabia 0.85 - unequal
Happy planet
Costa Rica 62.1 - HDI 0.49
US uses 5 planets and 122 in HPI - inefficient
Latin America performs best
Literacy
Norway 100%, 5.2bn GDP
Malawi 62%, doesn’t account 90% in agriculture
- 2/3 of 800m illiterates are female - could be 17bn of GDP
- South Sudan literacy rate 34.5
Gender equality
Switzerland - 0.25
Yemen - 0.795
Saudi Arabia 0.85 HDI yet most gender segregated in the world