changing economic world Flashcards
how is development classified
-Gross national income (GDP + incomes earned by UK nationals abroad - income earned in the domestic economy by non UK nationals)
-demographic transition model
-fertility rate, death rate, birth rate
-human development index
what is the DMT
shows how a country’s population changes as it becomes more developed, from subsistence farming cultured (LICs) to HICs
what is the gini coefficient
measures how wealth is distributed and shows the correlation between levels of development and how uneven the distribution of wealth is within a country
factors causing uneven development
-physical environment e.g. natural hazards= 1985- MC had the worlds largest earthquake (7.8)
-health e.g. diseases
-trade e.g. NAFTA
-history e.g. colonialism
employment structure
% of people employed in the primary, secondary and tertiary sectors
mexicos employment structure
-15th largest economy in the world
-primary= 2bn tonnes of limes a year - 25% exported
-secondary= maquiladoras - over 1mn workers
-tertiary= 32 mn visitors year generating $43.5 mm daily - 800000 jobs directly, 1.2mn indirectly
why do employment structures change
-industrialisation
-mechanisation
-imports
-economic growth
-globalisation
transnational company (TNC)
huge company which is controlled from one head office and operate in countries all over the world
advantages of tncs
-1mn people employed in maquiladoras
-more than half workers earn enough money to own their own homes
-low unemployment rate of 1%
disadvantages of tncs
-low wages and long hours
-workers in mexico are paid 40% less than workers in china
advantages of tourism in mexico
-8.5% mexicos GDP
-800000 jobs directly, 1.2mn indirectly
-$43.5 mn spent daily
disadvantages of tourism in mexico
-30-50% locals lack access to clean water
-hotels produce waste e.g. lagoons have become polluted
does mexico need foreign aid -YES
-25mn workers earn less than $14 per day
-50% population in poverty
-6% people aged 15 cant read or write
does mexico need foreign aid - NO
-15th largest economy in world
-63% employed in tertiary
international development aid in mexico
-casa y cuidad= NGO scheme that builds safe homes (well-built,sanitation, access to clean water and electricity ) and train local plumbers, builders and carpenters
-the international monetary fund= provides mexico with debt relief ($4bn bailout)