Changing economic world Flashcards

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1
Q

what is the demographic transitional model and what does it do

A

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The Demographic Transition Model (DTM) shows how the population of a country changes throughout economic development as birth and death rates change.
A country’s population grows when the birth rate is above the death rate. This is ‘natural increase’.
A country’s population shrinks when the birth rate is below the death rate. This is ‘natural decrease

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2
Q

list the ways development can be measured

A

GNI(grosss national income) is the total amount of money a country makes
death rate
birth rate
literacy rate
number of people per doctor
life expectancy

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3
Q

what happens in stage 1 of the demographic transitional model

A

In Stage 1, birth rates are very high. High infant mortality means that not many children survive to adulthood so people have lots of children. People are also poor and don’t have access to contraception like condoms.
In Stage 1, death rates are also high. There aren’t many doctors, hospitals, and many people may not have been to school and don’t understand diseases and how they spread

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4
Q

what happens in stage 2 of the demographic transitional model

A

In Stage 2, the death rate begins to fall. This can be because of improving people’s basic understanding of diseases by educating them and by improving health systems. Diets and nutrition are likely to improve as people become less malnourished.
Birth rates stay high because people do not yet know that their children are likely to live for longer. Also, Stage 2 nations usually have a lot of jobs in agriculture, so having lots of children is advantageous

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5
Q

what happens in stage 3 of the demographic transitional model

A

In Stage 3, birth rates are falling to the level of death rates.
Improved access to contraception, belief that your children will survive to adulthood and increased female education all lead to falling birth rates.
Often Stage 3 economies focus on manufacturing (like Vietnam and India), so having lots of children to work on farms dies out.
Healthcare systems continue to improve so death rates fall

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6
Q

what happens in stage 4 and 5 of the demographic transitional model

A

The UK is in Stage 4. Japan is the only major HIC in Stage 5, with its population declining.
Birth rates are low because of low infant mortality, good access to contraception, and equality of access to education.
Death rates are low because of good healthcare systems, high levels of education, and high incomes

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7
Q

which physical factors are bad for economic development

A

the climate of a country is bad for development because if it is too hot or too cold it is hard for crops to grow and people to preform jobs this stops a population building up,
infertile land stops crops from growing once again leading to a low population,
if a country is land locked then it is hard for it to trade and develop its economy that way, if a country has no natural resources it is had for it to develop but if a country has too many natural resources it can lead to corruption which is bad for economic development and frequent natural disasters leads to country rebuilding not developing

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8
Q

what historical factors are bad for development

A

Some nations were colonised in the past.
Spain and Portugal ruled lots of Latin America, and England, France & the Netherlands ruled a lot of Asia and Africa.
Nigeria became independent from the United Kingdom in 1960.
Often the benefits of cheap labour and raw materials flowed to colonial rulers, rather than the colonised nations themselves.
Wars damage countries’ infrastructure badly.
After World War 2, Marshall Aid was American funding which helped rebuild a lot of Europe. However, without this funding, development would have been slower.

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9
Q

what are the economic causes of uneven development

A

Less developed nations generally export the primary good instead of ‘adding value’ to the products themselves,
Poor countries often borrow money to build infrastructure and develop their economies.
But because they are poor countries, lending to them is risky. Because of this, they have to pay a higher interest rate on their loans,
transport infrastructure and other key infrastructures are key in order to create an economy that can trade and export

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10
Q

what are the consequences of uneven development

A

income(both international and personal),Developed countries have better healthcare systems, more doctors and hospitals, and higher life expectancies than less developed nations, In Malawi the infant mortality rate is 35 per 1,000 births. In the UK it is 4. People try to migrate to nations with a better quality of life (and usually nations with a better quality of life are more developed and higher income).The average income (salary) in the USA is $27,000 per year (it is only $10,000 in Mexico).

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11
Q

how can Aid reduce the development gap

A

Aid can come from governments or from charitable foundations,Aid can come from governments or from charitable foundations,This foreign aid can be spent on basic healthcare supplies, vaccinations, food, water, infrastructure projects, The UK gives 0.7% of GNI as aid to foreign countries.

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12
Q

how can intermediate technology reduce the development gap

A

intermediate technology does not require much government support or many institutions for it to be used.
Products like solar cookers, solar-powered LED lights, water filtration systems, and more effective water pumps are all examples of intermediate technologies, These innovations can improve and save lives without much government support.

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13
Q

how can dept relief reduce the development gap

A

dept relief can allow poorer countries to focus on lessening the development gap instead of paying of dept,n 2005, Malawi was spending 9.6% of its GNI on paying its debts & interest. This was double Malawi’s spending on healthcare.

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14
Q

how can fair trade reduce the development gap

A

The fair trade Foundation was created in 1997, the fair trade foundation helps poorer countries by aiming to pay farmers fairly for the goods that they produce, this increases farmers’ quality of life, by asking consumers to pay more money for fair trade products.

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15
Q

how can industrial development reduce the development gap

A

Industrial development includes improving a country’s exports, improving infrastructure, improving a workforce’s skills and having a strategy to increase productivity, grow and export, South Korea’s Ministry of Culture has contributed to the rise of K-Pop and other Korean exports, whilst Singapore’s industrial strategy has focused on physical trade, zero corruption, and professional services.

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16
Q

how can micro finance loans reduce the development gap

A

Microfinance loans using platforms like KIVA allows people to give very small loans to people living in low-income countries.
By 2020, KIVA had lent $1.4bn to some of the lowest-income entrepreneurs in the world.
These loans can let people set up local businesses or expand existing businesses to more towns.

17
Q

how can tourism reduce the development gap

A

Tourists travel to a country, spend their money in the country, and create lots of local jobs.
Tourism is an export for low-income countries.
Travel and tourism supports 10% of all jobs in Indonesia.

18
Q

how did the Kenyan government increase tourism in Kenya

A

The Kenya Tourist Board created a website and campaign called ‘Magical Kenya’, which advertises internationally, In 2009, the Kenyan Minister for Tourism halved visa fees for adults and removed them for children.

19
Q

what are some advantages of tourism in Kenya

A

Tourism is now 15% of Kenya’s exports and has created 1.1 million jobs in Kenya, Sustainable hunting and sustainable forestry can be supported by the fees that tourists pay to enter Kenyan national parks for example Maasai Mara National Park, Kenya’s HDI has risen from 0.467 in 1990 to 0.579 in 2018.

20
Q

what are some disadvantages of tourism in Kenya

A

Tourists’ preferences can be very short-term. Investing in manufacturing is more likely to be certain and long-lasting than investing in tourism, Tourists’ preferences can be very short-term. Investing in manufacturing is more likely to be certain and long-lasting than investing in tourism.

21
Q

what is the people per doctor,population, HDI, GNI,GNI per capita and literacy rate of India

A

People per doctor per 1000 is 0.9, population of India is 1.393 billion as of 2021, its HDI is 0.633 out of 1, the GNI of India is 10.06 trillion dollars and the GNI per capita is 7,220 dollars and the literacy rate of India is 74.37%

22
Q

describe India’s economic structure

A

Although it employs over 50% of people, primary industries only create 12% of India’s GNI, Fuels and oil are worth 14.9% of India’s exports and minerals from mining make up 12.4% of India’s exports. Manufacturing accounts for 28% of India’s GDP, In 2018, vehicles made up 5.2% of India’s exports and machinery made up 6.3% of India’s exports. Tertiary and quaternary sectors now account for 60% of Indian GDP, but they only created 22% of Indian jobs. This is because lots of these jobs are in software, which does not need as many workers as farming or mining.
Infosys and Tata Consulting are two of India’s largest software businesses many western companys outsource their customer service department to india

23
Q

what are the advantages and disadvantages of TNC being in India(for India)

A

TNCs create jobs. They also train local people in skills demanded in developed countries, allowing more value to be added in India, rather than added in developed nations, profit for those TNC can be taxed. TNCs often take the profits made in India and give them to Western shareholders as dividends, TNCs may stop new local businesses emerging, TNCs can make developing countries compete by promising jobs in exchange for tax incentives.

24
Q

what aid does India receive and what is bottom up and top down aid

A

CDC Group is a government-owned finance institution that invests in India, it has invested $1.7bn in over 300 projects, ‘Bottom-up’ aid aims to help local people or individual projects, without requiring government support or direction.’Top-down’ aid usually comes from governments or NGOs, the government decides how to spend the money and this is usually on large projects or the development of infrastructure.In 2017, India received $3.1bn in foreign aid.

25
Q

what are the impacts of India’s development

A

The GNI per capita, the literacy rate and the HDI score have increased, Access to clean water has improved, although before Narendra’s Modi’s Clean India campaign, only 39% of Indian households had access to toilets. Modi built 110 million toilets in India.