Development Dynamics Flashcards
Bottom-up Development
Experts work with communities to identify their needs, offer assistance and let people have more control over their lives, often run by non-governmental organisations.
Cash Crops
Crops sold for cash, directly from farmers to be exported and traded
on global markets
Caste Based Society
The Hindu caste system determines a person’s status (and job), a
social custom found traditional rural villages in India
Clark Fisher Model
Theory produced by two economists, Clark and Fisher, that explains changes in employment structure as countries develop their economies
Colonisation
When another country takes over a foreign land and applies a system of power
Communism
Is a system of government, based on the theories of Karl Marx, which believes in sharing wealth between all people
Containerization
The transport of goods using container ships
Core region
Areas within a country that are important economic hubs, with high levels of employment and technological innovation
Cycle of poverty
A set of factors that cause continuous poverty unless
intervention is made
Demographic data
All data linked to population e.g. birth rate, death rate etc.
Dependency ratio
The proportion of people below (aged 0-14) and above (over 65) normal working age. The lower the number, the greater the number of people who work and are less dependent
Development indicators
Measures of how a country is improving
Economic liberalisation
When a country’s economy is given the freedom of a ‘market economy’, consumers and companies decide what people buy based on demand
Emerging countries
A country with high-to-medium human development, and recent economic growth
Fertility rate
Average number of births per woman
Footloose
Term used to describe companies that are able to locate anywhere
there is high-quality communication links
Foreign Direct Investment
Unrestricted flows of capital (money) from one country to another
Frank’s Dependency Theory
Theory developed by economist André Frank that describes development using two types of global region (core and periphery)
Gross Domestic Product
The total value of *goods and *services produced by a country in one year
Globalisation
Increased connections between countries
High Income Countries
Countries where employment is dominated by tertiary and quaternary sectors
Human Development Index
A standard means of measuring human development