8A.1 Flashcards
What is Development
change for the better
GDP
(Gross Domestic Product)
Monetary value of all goods and services produced by a country in a year.
Calculated by combining value of all finished goods produced, together with value of services.
Why is GDP in US$
comparisons can be made and may be divided by population to give a per capita value
GNI
(Gross National Income)
Monetary value of all goods and services produced by a country in a year.
Calculated by combining value of all finished goods produced, together with value of services.
Includes earnings from abroad
Problem with GDP and GNI
Fails to show disparity between rich and poor
Subsistence agriculture not included although provides for many.
Few measures concerning informal economy, this can be considerable for many countries.
HDI
(Human Development Index) Measure based on: -life expectancy -education (literacy and years of schooling) -GDP per capita.
Figure calculated ranges from 0 (low) to 1 (high)
Problem with HDI
Doesn’t take into account environmental quality, democracy, inequality or national security.
HPI
(Happy Planet Index)
Measures sustainable well-being
Based on:
•Life expectancy
•Experienced well-being
•Ecological footprint
Problem with HPI
Wellbeing is a very subjective concept and it is only calculated every five years.
What is Sharia Law
Islam’s legal system. Derived from both Koran and fatwas
Sharia Law impact on development
Restrict women to work
Countries using sharia law
Rich countries
What can impact human development
Social Development (Sharia Law)
Economic Development (Bolivia)
Bolivia, Evo Morales strat
‘Law of Mother Earth’
Basically exploiting Bolivia’s natural gas and mineral resources. Sharing wealth among the people.
Bolivia, Evo Morales strat positives
half a mill of Bolivians lifted out of poverty
