3.1 Development Flashcards
Development geography
the standard of living and quality of life of its human inhabitants
Quality of life
the standard of health, comfort, and happiness experienced by an individual or group.
Economic development
a measure of a country’s wealth and how it is generated (for example agriculture is considered less economically advanced then banking).
How do we measure development?
Human factors: Life expectancy Infant mortality rate Poverty Access to basic services Literacy rate Male/female equality
Economic factors: Gross Domestic Product (GDP) Gross National Product (GNP) Economic growth Inequality of wealth Unemployment rate Inflation
Composite development index
measures development based on more than one variable
Human Development Index (HDI)
a tool that measures and rank countries’ levels of social and economic development based on four criteria: Life expectancy at birth, mean years of schooling, expected years of schooling and gross national income per capita.
Maximum value of 1.0
What are the factors that affect the development of a country?
Physical: Climate Natural resources Location Natural hazards
Political:
Trade
Corruption/poor management
War
Social factors:
Discrimination
Population
Globalisation
the process by which the world is becoming interconnected as a result of trade and cultural exchange
What are the effects of globalisation on economic activity?
- increased international trade
- a company operating in more than one country
- greater dependence on the global economy
- freer movement of capital, goods, and services
- recognition of companies such as McDonalds and Starbucks in LEDCs
- decreasing barriers to world trade
- international tourism
- increasing number of NICs
- rising levels of international migration
Reasons that have caused globalisation?
Improved transport Improved technology Growth of MNCs Improved communications Free Trade Agreements Global banking
TNC
Transnational corporation; a firm that owns or controls productive operations in more than one country through foreign direct investment (FDI)
What causes development gap between countries?
Physical:
landlocked countries develop more slowly than coastal ones
small island countries are more difficult to develop
tropical countries grow more slowly (poor health and unproductive farming), except for non-agricultural tropical countries
natural resources
Economic:
countries that welcome and encourage foreign investment develop more quickly
fast-growing countries have high rates of saving and low spending
good institutional quality (governance)
What are the factors that affect inequalities within countries?
ethnicity and employment
education
land ownership
Primary sector
concerns with the extraction of raw materials from air, land and water
e.g. fishing, farming
Secondary sector
manufactures primary materials into finished products
e.g. manufacturing, assembling goods