Changing economic world - Nigeria Flashcards
What is GDP
Gross domestic product is the value of a country’s output from within the borders of a country.
What countries are in the BRICs and MINTs
Brazil Mexico
Russia Indonesia
India Nigeria
China Turkey
What is meant by quality of life?
The wide range of human needs that should be met alongside income growth
Ways to measure development of a country
-Maternal Mortality rate
-Education and literacy rates
-GDP
-Calorie intake
-% access to electricity
-Infrastructure
Why is HDI an effective development indicator?
As HDI takes into account 3 aspects of development, 2 social (Literacy rate + Life expectancy) and one Economic (GNI).
What stage of the Demographic transition model is an HIC in
stage 4 and 5 as they have slow growing populations or declining populations
What stage of the Demographic transition model are LICs in
Stages 1 and 2 as the population is rapidly growing with low life expectancies
What stage of the Demographic transition model are NEEs in
Stage 3 as they have slower growth than LICs but a higher life expectancy
What is natural increase?
When the birth rate is higher than the death rate.
Death rates fall in stage 2 of the DTM as:
-Medical care is improved
-Sanitation and water supplies have been improved
-Notable decrease in child mortality rates
-Food security and quality increase
Birth rates fall in stage 3 of the DTM as:
-Family planning methods are implemented
-Much lower infant mortality rates, causing less need for more babies
What factors have caused uneven development?
-Colonisation
-Neighboring countries invading
-Climate
-Landlocked countries
-Limited access to clean water
-Diseases
Examples of historical causes of uneven development
-The UK colonizing LICs and exploiting their raw materials
Examples of Physical causes of uneven development
-Extreme weather
-Limited access to clean water
-Landlocked
Examples of Economic causes of uneven development
-Poverty
-Trade
LICs trade _____ products
Primary - this earns them little money as they have little value
LICs heavily rely on _____ ______
Single exports
Consequences of uneven development
Global migration
Health issues
Wealth imbalances
Strategies to reduce the development gap
-Investment
-Industrial development
-Tourism
-Aid
-Appropriate technology
-Microfinance loans
-Fairtrade
-Debt relief