development Flashcards
define development
any improvement in standard of living of people in a specific country
define poverty
A state or condition in which a person who lacks the financial resources and essentials for the minimum standard of living
define inequality 
the idea that different people experience different standers of living
What is a development indicator?
Numerical measure of the quality of life in the country
what is GDP?
The total value of all goods and services produced in a country in a specific time period. To determine a country’s economic growth
What is GDP per capita?
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“
what is HDI (human development index)?
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
What is the development gap?
The difference in the standard of living between the worlds richest and poorest countries
what are some physical factors that could affect the development gap?
some areas have a hostile landscape making development harder. (E.g. hot climate to make it difficult to grow food)
How can economic factors affect the development gap?
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.
How can political affairs affect the development gap?
some countries at war or have a corrupt government may be corrupt. Therefore money does not reach the people who need it
Explain how aid can reduce the development gap
when a country gives money or resources from one government to another
What is bliteral aid?
Money given from one government to another
what is multilateral aid?
resources given by supranational organisations to recipient countries
What is emergency aid?
When supplies like food or water or medicine it’s given to countries after suffering a natural disaster
What is developmental aid?
Monetary fund is given to countries for development projects
why can aid be not such a good thing?
It can be a political weapon, countries can support their allies to weaken others and aid may be given to corrupt leaders
What is charity?
Collecting money to give to countries or offering services
What are the positives of charity?
It can raise lots of money, it can help lots of countries
Why is charity not such a good idea?
Offering handouts does not stimulate self-sufficient economic growth
what is foreign direct investment (FDI)?
When a business in one country puts money into a business in another country
What are the benefits to FDI?
Both countries benefits
What is the downside to FDI?
Neocommunism
