changing economic world Flashcards
define gross domestic product
the total value of goods and services a country produces in one year
define migration
movement of people from one place to another to live or work
define transnational corporation
a company that has investments in many countries
define industrial structure
the proportion of the workforce employed in different sectors of the economy
(primary, secondary, tertiary, quaternary)
define development
the progress of a country in terms of economic growth
define development gap
the difference in living standards between HIC’s and LIC’s
define gross national income
the total amount of money earned by a nation’s businesses, including businesses overseas
define human development index
a measure of average achievement in areas of human development, health, education and standard of living
how is GDP different to GNI
GDP doesn’t include national income abroad
name the fast developing countries
BRICs
MINTs
brazil
russia
india
china
mexico
indonesia
nigeria
turkey
what is the world’s current population
8 billion
ways to measure development
literacy rates
people per doctor
GNI
birth/ death rates
infant mortality
life expectancy
access to safe water
how does people per doctor affect social quality of life
in HIC’s there are more doctors, so less people per doctor- they receive better medical care
LIC’s cannot afford medical resources such as machines
how does literacy rates affect social quality of life
low literacy rates means kids lack a valuable education- cannot get great jobs e.g doctors
less doctors= more patients untreated
define birth/death rates
the number of births/ deaths per 1000 population
define infant mortality rates
the number of deaths of children under the age of 1 per 1000 population
define life expectancy
the average number of years a person is expected to live
define literacy rates
the percentage of people with basic reading and writing skills
what makes up the human development index
education
life expectancy
income
why is healthcare a significant development indicator
poor quality pf healthcare means higher death rates and a lower life expectancy
sick people cannot work- dont earn a salary- less government taxes
population characteristics of LIC’s and HIC’s
LIC- low life expectancy, increasing population due to a lack of contraception, high birth rates
HIC- high life expectancy
slowly declining population as people have less kids
physical causes of uneven development
diseases- people unable to work
extreme weather- droughts means reduced crop yield
floods- damages infrastructure
limited access to clean water- makes people unable to work
positive effects of colonialism
europeans brought new technology to african countries to help with farming and infrastructure
education- global countries were taught english
negative effects of colonialism
african, asian, south american cultures became part of slave trade
Haiti colonised by the french and they mismanaged land- degradation of natural resources
Haiti earthquake
2010, magnitude of 7
250,000 dead- lead to water contamination- diseases
300,000 injured- overcrowding in hospitals
300,000 homes damaged- homelessness
25% schools destroyed- lower literacy rates
economic causes of uneven development
poverty- less taxes to government, so less investment into improving infrastructure
trade- LIC’s trade primary goods that have low value and generate little money
HIC’s trade secondary goods (TVs, computers)
outcomes of uneven development
global migration
wealth unevenly distributed
poor healthcare and education