Development basics, key terms etc

Question 0

What is the North/South divide?

Answer 0

North - more developed with good trade links and goods of high value
South - less developed with emphasis on primary commodities
Brandt line (draw it)

Question 1

Definition of development

Answer 1

Complex and on a cultural basis
General sense of improvement over time
Includes education, democracy, healthy etc

Question 2

Measures of economic well being

Answer 2

GDP, GMP and GNI

Only measures formal economy - developing countries often have informal sectors e.g. Domestic work

Question 3

Measures of social development

Answer 3

HDI - Norway 0.938, Zimbabwe 0.140

Adult literacy rate

Question 4

3 measures of development

Answer 4

Social
Environmental
Economic

Question 5

Define single variable indicators and combined variable indicators

Answer 5

SVI - e.g. Life expectancy, straightforward and easily understandable, no information about distribution e.g. Income
CVI - e.g. HDI, established with a maximum value, more helpful to have a representative view which combines several variable indicators

Question 6

The development continuum

Answer 6

LLEDC
LEDC
RIC
NIC
BRIC
MEDC
MFN