1.2 Development Dynamics Flashcards
what does the relief of india tell you about it?
lone coastline on both east and west: provides trade opportunities; numerous large river systems: provide water for irrigation and agriculture
what does the railway network tell you about india?
dense railway network esp. central north; few areas w little/no railways - north-east: connects states, promotes trade and provides public transport; isolated regions may lead to limited economic growth
what does the per capita income tell you about india?
social/economic inequalities; major cities lead to concentrated development; some landlocked states lack trade opportunities
how has colonialism affected india?
links to frank’s model; more trade links; ethnic and religious tensions; problems associates w rapid migration
how has partition w pakistan affected india?
political instability; social and economic problems in Kashmir; religious tensions; risk of war
how has neighbouring china affected india?
risk of (nuclear) war due to border disputes, trade routes in indian ocean; risk of water shortages; economic rivalry
how has being a member of the UN affected india?
allows for political stability, democracy and human rights; can develop trade relationships; cultural exchange; neo-colonialism
how does the caste system affect india?
social division rooted in Hindu society based on occupation and hereditary; increase access to education , rapid economic growth and gov. policies are helping to break down social barriers
what is trade deficit?
when a country is importing more than exporting
what is outsourcing?
the concept of taking internal company functions and paying an outside firm to handle them
what is an open economy?
a country w few trade barriers, which encourages trade w other countries
what is industrialisation?
the move from an economy dominated by the primary sector to one dominated by the secondary sector
what is the multiplier effect?
spin-off from one growing business, allowing other businesses to grow as well
which is foreign direct investment?
overseas investment in physical capital by TNCs
describe the gov policies and globalisation processes which have influenced india’s economic growth
from 1965 to late 1970s, india went through a phase of low economic growth due to having a closed economy; in he early 1980s, an open indian economy was created by reducing import tariffs and allowing businesses to open wo gov. approval; in 1986, more paid school places for children of lower castes introduced and promotion of rural universities to kick-start economic development in poorer areas; in 1987, Amex (a USA TNC) opened a call centre to take adv. of english speaking grads; from 2001 to 2011, adult literacy rate increased by 10% from 64.8 to 74 due to educational reforms; in 2008, india was undertaking 65% of all IT outsourcing globally; thanks to the gov encouraging an open economy and outsourcing, india’s manufacturing sector was 6th largest in the world in 2008 and cont. to grow; tourism in 2014 accounted for 6.8% of total GDP -39 m people working in tourism