3.1 Ginius Flashcards
globalisation has individual winners because
so me people take advantage of free trade leading to increased salaries
others lose jobs with shifting patterns of production
globalisation has national winners because
so,me states are able to take advantage of new trade to increase gdp
others are switched off because of their economic policies or attitudes to neo liberalism
why might gdp per capita be a misleading indicator of development
other factors can contribute so other indexes may be needed to be taken into account, such as mortality rates and HDI
why might gdp be poorly gathered
inaccurate measurement of the black economy as well as non declaration of higher income earners
example of economic growth not reflecting the quality of life
chile has a lower gnp but it has a better quality of life (life expectancy and schooling)so it has a higher hdi
what is a composite index and an example
HDI which includes multiple factors like life expectancy, years of schooling and GNP
single index example
GDP ( only one factor)
what is the gini coefficient
statistical measure of distribution used to measure the economic inequality in an area
lorenz curve
cumulative percentage of total national income (or some other variable) is plotted against the cumulative percentage of the corresponding population (ranked in increasing size of share). The extent to which the curve sags below a straight diagonal line indicates the degree of inequality of distribution.
why are GINI scores lowered in more developed countries
policies to reduce gap between rich and poor
gii
gender inequality index, measures gender disparity by using reproductive health, empowerment (females in lead roles) and labour market participation
air pollution index
measures levels of so2 no2 pm10 etc, exceeding 500 is state of emergency
