Changing Economic World -- Overview Flashcards

1
Q

What does a low income quality of life look like?

A

Poverty stricken - 1$ a day and people have to live in poor conditions

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2
Q

What does a middle income quality of life look like?

A

People are beginning to earn more money and they are now having better access to water, food and transport. They are now no longer in poverty - 16$ a day

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3
Q

What does a high income quality of life look like?

A

People earning more than 64$ a day and have access to hot and cold water, they go to school and go on vacations

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4
Q

Give 3 ways development is measured?

A

Access to safe water
Life Expectancy
Literacy rates

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5
Q

What is the human development index?

A

A composite measure using data of income, life expectancy and education

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6
Q

How would the birth rate change in a developing country?

A

Would fall as education increases and women choose to work before family life.

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7
Q

How would the population size change in a developing country?

A

Increase as the area becomes economically stronger and attracts people - will quickly decrease after

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8
Q

How would the life expectancy change in a developing country?

A

Increases due to a better healthcare and better quality of life

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8
Q

What is the main cause of the rapid population growth?

A

High BR due to high infant mortality rate, meaning families will have more children. Meaning population will increase as death rate falls

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9
Q

How would the Death rates change in a developing country?

A

Decrease as healthcare will improve meaning average life expectancy increases due to better medicine ect

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10
Q

Give 3 factors which cause uneven development?

A

Countries in debt
Access to Trade
Wars

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11
Q

What is the example of a historical cause of uneven development?

A

Haiti and the Dominican Republic

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12
Q

Where is Haiti on the HDI rankings?

A

169/189

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13
Q

Where is Dom Republic on the HDI rankings?

A

78/189

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14
Q

What happened to Haiti in the past?

A

Owned by France and the French caused the land to be infertile. When Haiti claimed independence France wanted 15 mill in debt which is still being paid

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15
Q

What happened to the Dom Republic in the past?

A

Colonised by Spain, but the remaining natives and slaves formed a stable economy and good way of life

16
Q

List all the physical reasons for uneven development?

A

Landlocked
Climate related diseases
Extreme weather
Limited clean water

17
Q

Why would a landlocked area cause uneven development?

A

Countries are cut off from the sea and cannot trade

18
Q

Why would diseases cause uneven development?

A

Affect the ability of a population to stay healthy to work

19
Q

Why would extreme weather cause uneven development?

A

Slows development and can cause costly repair - decreases any tourism

20
Q

Why would limited access to clean water cause uneven development?

A

Can stifle development by making people sick and can’t work

21
Q

What are the economic reasons for uneven development?

A

Poverty
Trade

22
Q

Why would poverty cause uneven development?

A

A lack of money means a country has slow development and prevents improved living standards

23
Q

Why would Trade cause uneven development?

A

Some countries are able to trade processed goods increasing income. Countries with poor trade cannot improve economy

24
What is investment from TNCs?
Corporations which invest in LICs and NEEs in sectors. The investment helps the sector allowing more HICs to develop.
25
What is industrial development?
Enable LICs and NEEs to invest in their primary industries and increase manufacturing. This therefor boosts the economy
26
What is aid?
A gift of money or goods or services to a developing country
27
What is intermediate technology?
Speeds up processes by giving better equipment meaning manual labour decreased
28
What is fairtrade?
When farms or factories receive a fair percentage of the final retail price from the market. There is also better working conditions set up as well
29
What is debt relief?
Where HICs will lower the money wanted back from a LIC
30
What is the primary industry?
Involves raw material extraction from the environment
31
What is the secondary industry?
Where raw materials are used to create manufactured goods
32
What is the tertiary industry?
Involves the selling of services and skills
33
What is the quaternary industry?
Consists of those industries providing information services