Development and Globalization Set 1 Flashcards
Development
An improvement in a number of different characteristics of a population. It can suggest cultural, economic, demographic or social chane
Economic Development
An increase in a country’s level of wealth. It could be accompanied by a decrease in the numbers employed in agriculture and an increase in those involved in services and manufacturing. Greater access and use of natural resources with more energy used per head of population
Demographic development
An increase in life expectancy and an overall fall in death rate combined with falling birth rates
Social development
A range of changes affecting the quality of life of a population. Example: improved levels of education and literacy, improved sanitation, better housing and personal freedom
Political development
Freedom means that people have a greater say in who forms the government and therefore the impact it has on their lives
Cultural development
Greater equality for women and better race relations in multicultural societies
GDP- Gross Domestic Product
The total value of all finished goods and services produced by a country in a year, usually expressed in amount per head of population
GNP- Gross National Product
The total value of all finished goods and services produced by a country in a year, plus all the net income earned by that country and its population from overseas sources. Its expressed in amount per head of population
Development Gap
The difference in affluence between the richer countries and the poorer countries of the developing world. This gap has increased with time
Foreign Direct Investment (FDI)
Investment by a transnational corporation in countries other than its parent
Globalisation
The increasing interconnection of the worlds economic, cultural and political systems
Newly Industrialised Countries (NICs)
Countries in the developing world that have undergone rapid industrialisation since the beginning of the 1960s
North-South Divide
The imagined line that separates the richer countries of the north from the poorer ones in the south. It was proposed by the Brandt report in 1980. The north consists of: North America, Europe, Russia, Japan, Australia and New Zealand
Sustainable Development
Development that meets the needs of the present without compromising the ability of future generations to meet their needs
Transnational Corporation (TNCs)
A TNC is a company that has the power to coordinate and control economic operations in more than one country. It does not have to own the operations outside its home country
