development

Question 1

define development

Answer 1

any improvement in standard of living of people in a specific country

Question 2

define poverty

Answer 2

A state or condition in which a person who lacks the financial resources and essentials for the minimum standard of living

Question 3

define inequality 

Answer 3

the idea that different people experience different standers of living

Question 4

What is a development indicator?

Answer 4

Numerical measure of the quality of life in the country

Question 5

what is GDP?

Answer 5

The total value of all goods and services produced in a country in a specific time period. To determine a country’s economic growth

Question 6

What is GDP per capita?

Answer 6

The total amount a country makes in a year divided by the amount of people in the country and adjusted to reflect the cost of living.

Essentially the national “average income“

Question 7

what is HDI (human development index)?

Answer 7

A measure of life expectancy, mean years of schooling in GDP per capita combined into a single statistic ranging from 0 to 1.The higher the number the higher the level of human development

Question 8

What is the development gap?

Answer 8

The difference in the standard of living between the worlds richest and poorest countries

Question 9

what are some physical factors that could affect the development gap?

Answer 9

some areas have a hostile landscape making development harder. (E.g. hot climate to make it difficult to grow food)

Question 10

How can economic factors affect the development gap?

Answer 10

Some countries have a high level of duct. This means they pay lots of interest money and there’s a little left to improve development.

Question 11

How can political affairs affect the development gap?

Answer 11

some countries at war or have a corrupt government may be corrupt. Therefore money does not reach the people who need it

Question 12

Explain how aid can reduce the development gap

Answer 12

when a country gives money or resources from one government to another

Question 13

What is bliteral aid?

Answer 13

Money given from one government to another

Question 14

what is multilateral aid?

Answer 14

resources given by supranational organisations to recipient countries

Question 15

What is emergency aid?

Answer 15

When supplies like food or water or medicine it’s given to countries after suffering a natural disaster

Question 16

What is developmental aid?

Answer 16

Monetary fund is given to countries for development projects

Question 17

why can aid be not such a good thing?

Answer 17

It can be a political weapon, countries can support their allies to weaken others and aid may be given to corrupt leaders

Question 18

What is charity?

Answer 18

Collecting money to give to countries or offering services

Question 19

What are the positives of charity?

Answer 19

It can raise lots of money, it can help lots of countries

Question 20

Why is charity not such a good idea?

Answer 20

Offering handouts does not stimulate self-sufficient economic growth

Question 21

what is foreign direct investment (FDI)?

Answer 21

When a business in one country puts money into a business in another country

Question 22

What are the benefits to FDI?

Answer 22

Both countries benefits

Question 23

What is the downside to FDI?

Answer 23

Neocommunism