1.1 Economic development Flashcards

1
Q

Pre industrial economy

A

-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

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2
Q

Industrial economy

A

-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
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3
Q

Post industrial economy

A

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

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4
Q

Highest GDP and lowest GDP

A

Highest: US, Switzerland, China, Germany, Japan

Lowest: Niger, Burundi, Mozambique, Malawi, Haiti

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5
Q

Least developed (HDI)

Most corrupt

A

HDI - Bangladesh, Nepal, Angola, Senegal

Corrupt - South Sudan, Iraq, Colombia, Mexico, Brazil, Russia, Kazakhstan

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6
Q

Happiest

Gender equality

A

Happy: Finland, Denmark, Switzerland, Netherlands, Iceland

Gender equality: Switzerland, Iceland, Norway, Finland, Sweden

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7
Q

Birth rates

A

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

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8
Q

GDP/capita

A

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

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9
Q

HDI

A

Norway - 0.95

Niger - 0.38

Saudi Arabia 0.85 - unequal

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10
Q

Happy planet

A

Costa Rica 62.1 - HDI 0.49

US uses 5 planets and 122 in HPI - inefficient

Latin America performs best

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11
Q

Literacy

A

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
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12
Q

Gender equality

A

Switzerland - 0.25
Yemen - 0.795

Saudi Arabia 0.85 HDI yet most gender segregated in the world

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