Changing Economic World: Nigeria Flashcards
What does quality of life refer to?
The range of human needs that should be met alongside income growth
What does GNI stand for?
Gross National Income
What does GNI take into account?
value of goods and services and income from investments overseas
what are the 3 ways of classifying countries level of development?
HIC, NEE, LIC
what are 7 ways of measuring country development?
Life expectancy, birth rates, death rates, access to safe water, healthcare, literacy rates, infant mortality
what are some limitations of using GNI to measure development?
-informal sector may not be accounted for
-an average so anomalies may distort figures
what are some limitations of using birth rates to measure development?
birth control policies distort figures (eg China)
what are some limitations of using death rates to measure development?
many people in HIC’s may die from old age
what are some limitations of using infant mortality rate to measure development?
in LIC’s, deaths of newborns may not even be recorded
what are some limitations of using literacy rates to measure development
-difficult to measure in squatter settlements
what are some limitations of using water access to measure development?
some people may have access to clean water, but it is too expensive for them to use
What does the HDI take into account?
GNI, life expectancy, education
How would birth rate change as a country becomes more developed?
decrease
-access to contraception
-women are more educated
How would population change as a country becomes more developed?
increase, more people migrate in due to pull factors created
(natural decrease may occur)
How would death rate change as a country becomes more developed?
young deaths decrease, more elderly deaths
How would life expectancy change as a country becomes more developed?
increase as healthcare improves
what 3 factors cause uneven development?
history, physical, economic
what aspect of history led to uneven development?
colonisation
what are 2 aspects of physical landscape that lead to uneven development?
landlocked countries, extreme weather
what are 2 aspects of economy that lead to uneven development?
poverty and trade
what are the strategies for closing the development gap?
aid, microfinance loans, investment, industrial development, fair trade, debt relief
what are advantages of investment of TNC’s (reducing dev gap)?
a positive multiplier effect is created
national scale
long term
what are disadvantages of investment of TNC’s (reducing dev gap)?
-economic leakages
-workers paid unfairly
what are advantages of industrial development (reducing dev gap)?
countries can trade high value goods
jobs supplied
what are disadvantages of industrial development (reducing dev gap)?
high initial costs of work
what are advantages of aid for reducing the development gap?
helpful on a national scale