CT1 Flashcards
What is Development?
Development is a process of change whereby people’s lives will get better.
(The standard of living and the quality of life of its human inhabitants).
Indicators of Development
Fertility Rate
Average number of children that would be born per woman if all women lived to the end of their child bearing age.
Indicators of Development
Birth Rate
Number of babies born per 1000 people, per year.
Indicators of Development
Infant mortality
The number of deaths of infants under 1 year per 1000 live births.
Indicators of Development
GNI per capita
(Gross National Income)
The total income received by the country from its residents and businesses regardless of whether they are located in the country.
Indicators of Development
Life expectancy at birth
The average number of years to be lived by a group of people born in the same year.
Reasons for the development gap (6bp)
Institutions
- Governments: democratic elections (clan based thinking)
- Royal family: lots of money and power (tourism)
- Education
- Military (protects country)
- No corruption
- HICs have good institutions.
Reasons for the development gap
Culture
Religion
- Follow their god
- Only care about the next life
- More religious = poorer society.
(This is true for lots except for protestants (US & UK)
Reasons for the development gap
Geography (5bp)
- Diseases: tsetse fly that gives fatigue to cows and people.
- Natural resources: corruption.
- Landlocked countries.
- Low carbohydrate plants.
- Closer to the equator means less nutritious soil.
HIC
High Income Countries
MIC
Middle Income Countries
LIC
Low Income Countries
NEE
Newly Emerging Economy
What are the three legs of the stool of development?
Social
Economic
Environmental
How much money do the most corrupt countries have in offshore accounts?
$10 - 20 billon
