3a+b- Distribution+change Wealth Flashcards
Social inequality
Unequal distribution of factors such as income,education or health services
Standard of living
Ability to access services and goods
Quality of life
Extent to which a persons needs or desires are met
Deprivation
General lack of resources + opportunities leading a poor quality of life + low standard of living
Absolute poverty vs relative poverty
Absolute = when a person is below the world poverty line + cannot afford basic essentials of food, shelter or clothing
Relative = depends on the area = in UK to be in relative poverty you must be earn below 60% of median income
Cycle of poverty
Poor income = poor housing = poor health = poor education = lack of skills = poor paying job
Cycle can continue through generations
Shows how income can influence standard of living and quality of life
Globalisation
Increasing interconnectedness of work economically,politically and socially
Global shift
Relocation of manufacturing from Acs to EDCs + LIDCs in 1980s
Transnational cooperations
TNCs
Company’s with branches in more than one country = key drivers in globalisation
Containerisation
System of freight transport using containers
Can be stacked and loaded efficiently over long distances = reduced shipping costs + can travel further
What is structural change/economic restructuring
ACs experienced loss of employment In primary + secondary sectors (deindustrialisation) = became post industrial economies (tertiary + quaternary sectors)
Positive + negative impacts of structural change on ACs
Loss of jobs
Poverty + deprivation especially in inner cities
Cheaper imports = cheaper goods for consumers
Positive + Negative social impacts of structural change on EDCs + LIDCs
TNCs exploit worker for cheap wages + long working hours in poor working condition
Provides employment
Negative economic impacts of structural change on ACs
Mine + factory closures leads to derelict + deindustrialised areas that are expensive to regenerate = creates North south divide
Negative + positive economic impacts of structural change on EDCs + LIDCs
Can lead to over dependance on a narrow economic base / TNC
Disrupts agriculture as ppl move to urban areas to work
Increases GDP improves infrastructure to attract foreign investment
Helps country to develop and the lack of industry in ACs leads to demand for imports from LIDCs