5.1 Overview of Development Flashcards
<p>What is<strong>development</strong>?</p>
<p>The progress a country makes.As a country develops it usually means that people's standard of living and quality of life improve</p>
<p>What factors affect a country's level of development?</p>
<ul><li><strong>Environmental</strong>factors: natural hazards e.g. earthquakes</li><li><strong>Economic</strong>factors: trade and debt</li><li><strong>Social</strong>factors: access to clean drinking water andeducation</li><li><strong>Political</strong>factors: stable government or civil war</li></ul>
<p>What is the '<strong>development gap</strong>'?</p>
<p>The development gap is the difference in standards of living between the world’s richest and the world's poorest countries</p>
<p>What are different ways of measuring Development?</p>
<ul><li>Human Development Index (HDI)</li><li>Gini Cooefficient</li><li>Gross Domestic Product (GDP)</li><li>Corruption Perceptions Index</li></ul>
<p>What is the Human Development Index (HDI)?</p>
<p>The Human Devlopment Index is a measure that combines various different measures such as education, healthcare, income, life expectancy and others</p>
<p>What is the Gini Coefficient?</p>
<p>The Gini Coefficient measures how much of the income of a country goes to the richest people in that country</p>
<p>What is Gross Domestic Product (GDP)?</p>
<p>Gross Domestic Product is the total value of goods and services that are produced by a country annually</p>
<p>What is the Corruptions Perceptions Index (CPI)?</p>
<p>The Corruptions Perceptions Index is an approximate measure of how corrupt the government is in a nation</p>
<p>What are the IMF's three categories of development?</p>
<ul><li>Advanced Countries (ACs)</li><li>Emerging developing countries (EDCs)</li><li>Low-income developing countries (LIDCs)</li></ul>
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