Changing Economic World Flashcards
What is development?
The progress of a country in terms of economic growth, the use of technology and humand welfare
What are factors that affect a country’s speed and level of development?
1) environmental factors like natural hazards
2) economic factors like trade and debt
3) social factors like access to safe water and education
4) political factors like stable government or civil war
What is economic development?
A measure of countrys wealth and how it is generated
What are the three levels of economic development?
1) . LIC (low income country) - a country with a GNI per capita lower than $1045
2) . NEE ( newly emerging economy) - countries that have begun to experience high rates lf economic development, usually along with rapid industrialisation
3) . HIC (high income country) - a country with a GNI per capita higher than $12746
What is human development?
Measures the access the population had to wealth, jobs, education, nutrition, health, leisure and safety as well as political and cultural freedom
What two levels are there of human development?
1) . Standard of living describres material elements, such as wealth and nutrition
2) . Quality of life refers to health and leisure
What is gross national income (GNI)? What are the limitations?
The total value of goods and sevices produced by a country, plus money earned, and paid to, other countries. It is expressed as per head (capita) of the population.
- some countries may seem to have a high GNI as they’re relatively wealthy, and have a small population. But this doesn’t always mean that their citizens enjoy a good quality of life. Equally, some people in LICs enjoy a high standard of living
What is human development index (HDI)? What are the limitations?
What is quality of life? What are the limitations?
Uses both social and economic measures to measure standard of living for whole countries.
- a good quality of life means different things to different countrys, so its hard to compare effectively
What is birth rate?
Number of birthd a year per 1000 of the population, it is a reliable measure
What is death rate?
Number of deaths a year per 1000 of the population, a less reliable measure
What is infant mortaility rate?
Number of babies that die under the age of one years old, per 1000 live births, its a useful measure of a country’s health care system
What is number of doctors?
Number of doctors per 1000 indicates how much money a country has for medical services
What is literacy rate?
Percentage of people in a country who have basic reading and writing skills; a high rate shows a country has modern infrastructure such as dams, reservoirs and water treatment plants
What are the limitations of economic and social measures?
1) . Data could be out of date
2) . Data may be unreliable
3) . They focus on certain aspects of development, and may not take into account subsistence or informal economies, which are important to some countries
4) . Government corruption may lead to unreliable data
What is the demographic transition model (DTM)?
Shows the change over time in the population of a country, it studies how birth rate and death rate affect the total population of a country
What is the natural change? Natural increase? And natural decrease?
1) . Natural change - the gap between the birth rate and the death rate
2) . Natural increase - occurs when birth rate exceeds death rate
3) . Natural decrease - occurs when death rate exceeds birth rate
What is stage 1 of the DTM?
Its high fluctuating and in traditional rainforest tribes
- in parts of indonesia, brazil and malaysia, small groups of people live separately and with little contact with the outside world. They have high birth and death rates and fluctuates because of famine, war and disease
What is stage 2 of the DTM?
Its early expanding in afghanistan
- one of the poorest and least developed countries, its birth rate is high and death rate decreases. About 80% are farmers who need children to support them in the fields and tending livestock
What is stage 3 of the DTM?
Its late expanding and in Nigeria
- its a NEE experiencing economic growth. The death rate decreases slowly and birht rate drops rapidly, the population is also growing
What is stage 4 of the DTM?
Its low fluctuating and in USA
- one of the most developed countries in the world. It has a low birth rate due to women having smaller families and a low death rate due to good healthcare
What is stage 5 of the DTM?
Its a natural decarease and in germany
- experiencing population decline as death rate exceeds birth rate due to ageing population and women having smaller families
What are the physical causes of uneven development?
1) . Countries are landlocked ie bordered by land, with no access so sea, a country is cut off from seaborne trade which is important
2) . Tropical countries eg africa & S.america have more climate related diseases and pests, which affects populations ability to stay healthy to work
3) . An extreme weather season can slow development and can be costly to repair damaged infrastructure
4) . Lacknof inadequate supplies of safe water is a barrier to economic development
What are the economic causes of uneven development?
1) . Poverty causes poverty, low life expectancy, frequent illnesses and lack of nutrients makes development hard to achieve
2) . Richer countries want to pay as little as possible for raw materials which come from LICs, often more supply than demand which keeps prices low. Processing, takes place in richer countries which leaves them richer and poorer countries poorer
3) . Manufactured products make 80% of exports in NEEs, some countries have trade surpluses while others have defecits which leads to a ‘debt trap’ making development difficult