Development Flashcards
Human development index( HDI)
How the United Nations measure of the level of development of every country
Highest: 1.0 (100%)
Lowest :0 (0%)
Factors of HDI
🔸decent standard of living
🔸long and healthy life
🔸access to knowledge
GDP
Value of output of goods and service produce within a year in a country
Economic structure/sectors of the economy
🔸Primary sector
🔸secondary sector
🔸tertiary sector
Primary sector
Directly from earth surface (LDC ); ie. agriculture, mining
Secondary sector
Process, transform and assemble (LDC); ie. manufacturing, factory assembly
Teritary sector
Service sector of the economy (EG. shops)
Inequality adjusted HDI (IHDI)
Modification of the HDI to account for inequality of HDI within a country
A long and healthy life measures
Provide nutrition and medical service needed for people to lead to long and healthy life. (life expectancy)
Access to knowledge measures
Years of schooling, literacy rate, pupil/teacher ratio
Quantity of schooling
🔸years of schooling:
Age25 or older to spend in school
🔸expected years of schooling:
Avg 5yo expected to spend in school
Life expectancy
How long a person is expected to live at birth
Literacy rate
percentage of a country’s people who can read and write
GII
Gender Inequality Index
GNP (Gross National Product)
total dollar value of goods & services produced by a nation at home or away
Developing economy
An economy with a relatively low level of income per person; also called “developing country” or “LDC”
Developed economy
An economy with a high level of income per person; also called “developed country” or “MDC”
infant mortality rate
The total number of deaths in a year among infants under one year old for every 1,000 live births in a society.
fertility rate
The average number of children born to a woman during her lifetime in a population
Access to healthcare
Thee ability to obtain health services when needed; as a measurement, access to healthcare seeks to show the QUALITY and ACCESSIBILITY of healthcare (medicine, doctors, etc) in a country. A measure like this can help to understand why some countries have longer life expectancies. Note: This measure does not take into consideration cost of care, just quality and access.
GNI (Gross National Income)
The value of the output of goods and services produced in a country in a year, including money that leaves and enters the country
