Changing Economic World Flashcards

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1
Q

Why is GNI not always a reliable measure of development

A

It can be misleading - it only provides an average (as it does not take into account extremes, or for instance, the informal sector)

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1
Q

GNI

A

Gross National Income

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2
Q

What is infant mortality rate

A

The number of deaths, under the age of 1, per 1000 live births

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3
Q

What three factors make up the HDI

A

Income, life expectancy, education

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4
Q

HDI

A

Human Development Index

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5
Q

What is the demographic transition models

A

The changing populations over time

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6
Q

What stage are most LICs at in the DTM

A

Stage 2

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7
Q

What does stage 2 of the DTM show

A

Very high birth rate but declining death, so very high natural increase in populationq

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8
Q

What does stage 3 of the DTM show

A

Declining birth rate with low death rate, so slowing down natural increase

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9
Q

What does stage 4 of the DTM show

A

Low birth and death rate, birth rate slightly above death rate, with generally constant population

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10
Q

What does stage 5 of the DTM show

A

Birth rate declining below death rate, so very slight natural decrease in population

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11
Q

What type of countries are beginning to enter stage 5 of the DTM

A

HICs, such as Japan

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12
Q

What are historical reasons for underdevelopment

A

Colonialism - imports and exports were controlled and exploited by colonialists

Conflict - after gaining independence, many countries experienced conflict and money was being spent on the conflict instead of towards development

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13
Q

What is the term given to modern control over imports and exports.

A

Neo-colonialism

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14
Q

What are some physical factors of uneven development

A

Landlocked countries - no way to ship exports and imports, reducing income

Climate - extreme climate could affect crops and therefore the overall development of countries

Natural hazards - forces the country to spend towards the natural hazard

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15
Q

What measures the internal disparity of a country (uneven development)

A

Gini coefficient

16
Q

What is the ‘bright light’ syndrome

A

The increasing awareness of poorer people between their own situation and the potential success they could face in other places

17
Q

TNC

A

Trans National Corporation

18
Q

FDI

A

Foreign Direct Investment

19
Q

What is international aid and how does it help development

A

A gift of money, goods or services - it can help fund projects such as HEP dams, or help combat conflicts or uneven societies

20
Q

What is intermediate technology and how does it help development

A

Technology that is cheap and easy to maintain - improves quality of life and helps give people in LICs more sense of freedom

21
Q

How does Fairtrade help development

A

Guarantees a fair income for farmers in LICs and can also help fund projects which improve quality of life, such as building schools and hospitals for local communities

22
Q
A