Changing Economic World 2 KO Flashcards
What is development
Development is an improvement in living standards through better use of resources
What is development : Economic
This is progress in economic growth through levels of industrialisation and use of technology
What is development : Social
This is an improvement in people’s standard of living. For example, clean water and electricity
What is development : Environmental
This involves advances in the management and protection of the environment
Economic indictors examples : Employment type
The proportion of the population working in primary, secondary, tertiary and quaternary industries
Economic indictors examples : Gross Domestic Product per capita
This is the total value of goods and services produced in a country per person, per year
Economic indicators examples : Gross National Income per capita
An average of gross national income per person, per year in US dollars
Social indicators examples : Infant mortality
The number of children who die before reaching 1 per 1000 babies born
Social indicators examples : Literacy Rate
The percentage of population over the age of 15 who can read and write
Social indicators examples : Life expectancy
The average lifespan of someone born in that country
Mixed Indicators : HDI
A number that uses life expectancy, education level and income per person
Variations in the level of development : LIC’s
Poorest countries in the world. GNI per capita is low and most citizens have a low standard of living
Variations in the level of development : NEE’s
These countries are getting richer as their economy is progressing from the primary industry to the secondary industry. Greater exports leads to better wages
Variations in the level of development : HIC’s
These countries are wealthy with a high GNI per capita and standards of living. These countries can spend money on services
Causes of uneven development
Development is globally uneven with most HICs located in Europe, North America and Oceania. Most NEEs are in Asia and South America, whilst most LICs are in Africa. Remember, development can also vary within countries too.