Changing economic world Flashcards
What does the Demographic Transition Model show?
A geographical model that shows how a country’s population changes over time.
What are the 4 physical factors that affect a countries development
poor climate- not much will grow- malnutrition-fewer crops to sell-low quality of life
poor farming land- reduces quality of life
lots of natural hazards-lots of money spent rebuilding after disaster- low quality of life
few raw materials-fewer products to sell- less money made
What are the 2 historical factors that affect a countries development
- colonisation- lower level of development- due to limited governance and order in society which destabilized these area and hindered development.
- conflict- slows development- money is spent on weaponry, infrastructure is damaged
What are the 3 economic factors that affect a countries development
-poor trade links- won’t make much money- less to spend on development
lots of debt- money made by a country is used to pay back debt- can’t be used for development
economy based on primary products- don’t make much money- less is spent on development
Name 7 ways the development gap can be reduced
- Investment
- Aid
- Industrial development and tourism
- using intermediate technology
- Fairtrade
- debt relief
- microfinance loans
What is aid and how does it reduce the development gap
money and resources given by 1 country to another
its spent on development projects such as schools, building dams and wells
What is debt relief and how does it reduce the development gap
when some/ all of a countries debt is cancelled/ interest rates lowered
This means the country has more money to develop now
What is investment and how does it reduce the development gap
-when people/ companies in 1 country buy property/ infrastructure in another country
this leads to better access to finance, technology and expertise
What is industrial development and how does it reduce the development gap
-in countries with low levels of development agriculture makes up a large amount of their economy
It increases GNI, productivity, levels of skill and infrastructure is improved
What is Fairtrade and how does it reduce the development gap
-when farmers get a fair price for goods produced in LICS
this helps develop the area where the goods have come from
What is Tourism and how does it reduce the development gap
tourism provides an increased income-more money is entering the country
What is Using Intermediate technology and how does it reduce the development gap
-machines that improve people’s quality of life- it allows people to work in their homes/ businesses
skills and income increase- reducing the development gap
What is microfinance loans and how does it reduce the development gap
- small-scale financial support available from banks set up especially to help the poor
- it enables individuals to set up small businesses
- as small businesses thrive, employment opportunities increase and income rises
How is the demographic transition model linked to development?
As a country develops (becomes richer) the population of the country also changes. Typically, the birth rate and death rate lower as a country develops
What is happening at stage 1 of the demographic transition model? (comment on births ,deaths and overall population)
High birth rate
High death rate
Population is stable and low