Development Flashcards
What is development
Progress of a country
Economic development indicator
GNI (total earned by a country each year)
Social development indicators
-Birth rate
-death rate
-life expectancy
-Literacy rate
-Access to safe drinking water
High income country example and minimum GNI
UK, USA, Australia
$12 236
Example of LIC and minimum GNI
Chad, Uganda
$1005
Positives of using GNI
-easy to compare wealth
-baseline firgure of what each person earns in a country
Negatives of using GNI
-difficult to work out
-in globalised word hard to find out who owns what money
Positives of using social development indicators
-LE and IMR easy to work out
-direct comparison between countries
Negatives of using social development indicators
-not all countries have good statistics