Development Flashcards
What is development
The use of resources and technology to improve the quality of life and standard of living. Hopes to make lives more efficient, safe and sustainable
What is industrialization and give an example of this type of country
This is the process of a country moving away from primary or agricultural activities to secondary/industry(manufacturing raw materials). E.g China
What are MEDCs and LEDCs and give 3 characteristics
MEDC - More Economically Developed Country
- Mostly industrialized - Global North (North of N-S divide) - High Human Development Index (HDI)
LEDC - Less Economically Developed Country
- Becoming industrialized - Global South (South of N-S divide) - Low Gross Domestic Product (GDP) per Capita
What is GDP/capita and GNI/capita and what is the difference between the two
GDP (Gross Domestic Product) is the total value of goods and services produced by a country in a year. /capita is the dividing the GDP by the population of the country giving the average income per person per year
GNI/GNP (Gross National Income/Product) is the same as GDP but includes foreign earnings (like investments). /capita divides the GNI by the population giving the average income per person per year.
What is the N-S divide
This is called the Brandt line and it’s an imaginary line between the north (wealthier, more developed regions like Europe or Australia) and the south (poorer, less developed regions like Africa and South America.)
What is sustainable development
- This is development that balances the economic, social, and environmental objectives.
- Maximizing current society’s well-being and lifestyle without risking the future generations’ balanced lifestyle.
- Development that will benefit current day society as well as future generations.
- Meets the needs of our current society without compromising those of future generations
What is HDI and why is it a necessary indicator
HDI is Human Development Index and it is necessary as it combines other indicators to calculate a country’s overall development and not look at one at a time. It combines GDP/capita(Economic), Education levels(social), Life expectancy(Demographic).
Measure from 0 - 1, 0 being the worst possible and 1 being the best.
What is the Gini co-efficient
Measure how wealth is distributed in a country. measure from 0 - 1. 0 being complete equality and 1 being complete inequality
Give 3 examples of Social and Demographic indicators
Social - Urbanisation, literacy rate, food security
Demographic - birth rate, infant mortality rate, the mortality rate
What is the UN
The UN or United Nations was created to maintain peace, security, develop friendly relations among nations, and to better living standards and economic development
Name the 8 factors affecting development
- Access to resources
- Energy
- History
- Environmental degradation
- natural resource limitations
- Population growth
- Trade imbalances
- Education and Training
What is modernization (HINT: similar to westernization)
Modernisation is development based on economic growth, technology, and industrialisation.
Explain the Free Market Development model and name the 5 stages.
This model is based on the economic development of a country. Development took place due to free trade, industrialisation, and exports.
Stages:
1. Traditional society (Subsistence Agriculture, little capita, a balance between resources and population)
2. Pre-take-off (Commerical agriculture, export of natural resources)
3. Take-off (Manufacturing industry, urbanisation, transport, and infrastructure improvement)
4. Maurtiy (Economic growth spreads through the country, high employment, industrialistion.
5. High mass consumption (Tertiary sector expands)
Do you think the Free Market Development model is accurate?
On some level, the model is inaccurate as it only takes the economic development of a country into consideration. It does not leave room for environmental development. Some countries may skip certain stages and other countries may be well developed based on industries like commercial
agriculture
Explain the Core-periphery model
Dominant core areas are more developed and that’s where economic growth is concentrated. Less developed areas surrounding depend on the core, these are peripheries. Over time the development will diffuse from the core to the periphery
What is community-based development.
This is development by the community for the community. Development agencies work hand in hand with the community. Called Bottom-Up and is normally successful as the community is part of the development process
What is trade
Exchange of goods from producers to consumers. It involves buying (money), selling/exchange of commodities.
What is the trade relationship between MEDCs and LEDCs
MEDCs import raw materials/manufactured goods from LEDCs. And MEDCs allow export manufactured goods/commodities to LEDCs
What does “Terms of Trade” describe
Describes the relationship between prices a country sells its exports and the prices it pays for imports