background Flashcards
what is development
The development of a country measures how progressed a country is in terms of the standard of living for its population
what about development indicators (social vs economic)
The development of a country is measured through two types of indicators. Social indicators are focus on factors that indicate development of overall well-being of people which includes indicators related to education or healthcare, whereas economic indicators focus on factors that indicate economic growth such as GDP per capita or access to electricity.
issue with using single indicators
Single indicators can sometimes be misleading, as they can hide inequalities within a country. For example, average GNI per capita might not accurately reflect income distribution if a few individuals are very wealthy while the majority are relatively poor.
composite indicators
This is why some development indicators are grouped together (called composite indicators) such as the HDI (Human Development Index) and PQLI (Physical Quality of Life Index). The HDI combines indicators like a country’s GNI (Gross National Income) and cost of living, whereas the PQLI combines life expectancy, literacy rate, and infant mortality rate.
factors that affect development (climate)
A country’s climate can both negatively and positively affect the development of the country. For example, if a country is too hot this will lead to drought which then would cause an inability to grow crops which can cause food insecurity for its population which could further lead to health problems.