Developed VS Developing Countries Flashcards

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1
Q

Economically developed

A

Global north

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2
Q

Developing countries

A

Global south

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3
Q

Indicators of economic development

A

GDP- Countries yearly profit
Type of employment - high tertiary = rich, high primary = poor
Education/literacy rate - no. of years in school/%of people who can read
Average life expectancy

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4
Q

Causes of unequal economic development

A

Unfair trade- rich countries paying poor countries unfair wage
Globalisation - MNCs setting up in poor countries for low wages

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5
Q

Negative effects of Globalisation

A

Brian drain
Over reliance on other economies
Dominance of MNCs- use uo natural resources

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