4.3 Emerging and Developing Economies Flashcards
1
Q
What does the HDI measure
A
Health
education
income
2
Q
pros and cons of HDI
A
P- takes into account three factors
-easy to calculate
C- doesn’t consider quality of education
-doesn’t consider income inequality
2
Q
What does GPI measure
A
Genuine Progress Indicator- environmental ,economic, social factors
3
Q
factors influencing growth and development
A
primary product dependency
savings gap
volatility of commodity price
demographics
4
Q
what is the dutch disease
A
when a country becomes a significant producer in a short time frame causing an increase in demand for currency->higher currency price->higher export prices-> lower competitiveness
5
Q
Strategies influencing growth and developmen
A
Trade liberalisation
Promotion of FDI
Removal of government subsidies
