Development Flashcards
What is development?
characteristics that describe the stage a country has reached economically, socially and technologically
Standard of living
material wellbeing (income levels)
Quality of life
standard of living and other factors; i.e. ed level, health, safety, religious freedom
Ways of measuring development
Birth rates and death rates
Gross Domestic Product
Average level of education
Millennial development goals
Eradicate extreme poverty Achieve universal primary education Reduce child mortality Promote gender equality Improve maternal healthcare Combat HIV + other diseases Ensure environmental sustainability Global partnership for development
Types of factors influencing development
Resource factors
Cultural and social factors
Political factors
Development Models
Rostow’s 5 stages of growth
Core-periphery
Sustainable development
Population growth rate
BR - DR
GDP
income of country / population
Resource Factors
Access to resources
Energy consumption of a country
Natural resource limitation
Cultural and social factors
Education and training Population growth (large family - more likely be in poverty cycle)
Political factors
- Historical (War, corruption)
- Poor management of resources causing environmental degradation
5 stages of Rostow’s growth
- Traditional society
- Pre-conditions for take-off
- Take-off
- Drive to maturity
- Age of mass consumption
Trade surplus
country earns more from exports than it pays for imports
Why does international trade happen?
- Uneven distribution of raw materials
- no country has an adequate supply of everything
