Development Dynamics Flashcards

1
Q

Name an economic development indicator

A
  • GDP or PPP
  • Poverty line
  • Clarke Fisher model
  • GNI
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Name a social development indicator

A
  • HDI
  • Gender inequality index
  • Literacy rates
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is PPP?

A

Purchasing power parity measures what $1 can buy you in certain countries. For example, you can buy more for $1 in Malawi than in the UK.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is GDP?

A

Gross domestic product (per capita) measures economic development.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is GNI?

A

Gross national income (per capita) measures national wealth and includes the debt a country is in

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is the HDI?

A

The human development index is a number between 0 and 1 which is affected by four factors:

  • Life Expectancy
  • Education (Literacy)
  • Education (Average length of schooling)
  • GDP per capita (Using purchasing power parity)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is the Gini Coefficient?

A

A measurement of the extent of inequality and income distribution. This is between 1 and 0 where 0 would mean that everybody earns the same amount of money and 1 would mean that a single person had all of the income.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is the Corruption Perceptions Index?

A

Devised to help investors know where their money is safe, it’s a rank between 0 (very corrupt) to 10 (honest).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is birth rate?

A

Number of live births per 1000 people per year.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is death rate?

A

Number of deaths per 1000 people per year.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is dependency ratio?

A

The ratio of dependent people in the country to the number of workers. The higher the ratio, the more dependent people.

(Total number of people aged younger than 14 and older than 65 divided by the number of 15-64 year olds, multiplied by 100.)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is fertility rate?

A

Average number of births per woman.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is infant mortality?

A

Number of children per 1000 live births who die before their first birthday.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is life expectancy?

A

The average number of years a person can expect to live.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is maternal mortality rate?

A

Number of mothers per 100,000 people who die in children.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What is an NIC?

A

Newly industrialising country

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

What is the Brandt line?

A

The 1980 line which divides the rich and poor countries geographically. Except Australia and New Zealand primarily, the richest countries are in the Northern Hemisphere.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

What is an RIC?

A

Recently industrialised country

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Name the Asian Tigers (NICs)

A

Hong Kong, Singapore, South Korea and Taiwan

1960s - 1990s

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

What is a HIC?

A

High income country

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

What is an LIC?

A

Low income country

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Who are the BRICS?

A

Brazil, Russia, India and China (2001)

South Africa was added later

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Name the Tiger Cub economies

A

Indonesia, Malaysia, Philippines and Thailand

1990s - present

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Name the MINT economies

A

Mexico, Indonesia, Nigeria, Turkey

2014 - present

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Name one economic consequence of poverty
1/5 people live on lest than $1 a day
23
What are the reasons for global inequality?
Physical- access to sea for trade Historical- a history of colonialism means development occurred later. Neo- colonialism happens today with cash crops Political- open economies develop faster as they encourage foreign investment Social- access to education and healthcare
25
Name one environmental consequence of poverty
Poor farming leads to environmental degradation
26
Name one political consequence of poverty
Many developing countries have non- democratic governments making it difficult for minority’s groups
28
Main reasons that Malawi is so underdeveloped?
- Landlocked - Rural Isolation - Changing Climate - Increased Pollution
28
Name one social consequence of poverty
775 million people in developing countries can’t read or write
28
What is Frank’s dependency theory?
A theory based on colonialism stating that rich countries exploit poorer ones. It is a socialist view
29
What are Malawi’s economic barriers?
It imports high value products, but exports low value products. It’s exports are worth less than its imports.
30
What is Rostow’s theory and what are the different stages in it?
Theory of modernisation: based on capitalism 1) Traditional Society 2) Pre-take off stage 3) Take off stage 4) Drive to maturity 5) High mass consumption
31
What’s in a traditional society?
- Most people in agriculture | - Subsistence Economy
33
What’s in the pre-take off stage?
- Shift from farming to manufacturing - Trade increases profits - Profits invested into new industries and infrastructure - Agriculture produces cash crops for sale
34
What’s in the take-off stage?
- Rapid growth, investment and tech | - Requires increased profits from overseas trade
35
What’s in the drive to maturity?
- Growth - Tech used throughout economy - Industries produce consumer goods
35
What’s in the high mass consumption stage?
- A period of comfort - Consumers enjoy a wide range of goods - Societal disposable income to be spent on military, education, welfare or luxuries
36
What is a TNC?
Trans-national corporation. A company which conducts its business in multiple countries.
37
What is an NGO?
An NGO is a Non-Governmental organisation. For example, Water Aid
39
Name a bottom up approach to development (NGOs)
ASTRA biogas scheme
40
What are the benefits of biogas generators and are they local or national?
- provides jobs - provides a quick supply of heat for cooking - no longer have to collect wood Local as nationally it contributes to global warming
41
Name a top down approach to development (TNCs)
The Sardar Sarovar Dam
42
What are the benefits of the SS dam and are they local or national ?
- provides electricity when the dam overflows - provides 3.5 billion litres of drinking water National benefits as it forces local people out of their homes
43
What is globalisation?
Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.
44
How can globalisation help Malawi?
If Malawi had more phone lines and more internet uses, it could have increased international trade, which could boost its economy.
45
When a UK based company invests money into India, for example, what is this type of investment called?
FDI - Foreign Direct Investment
46
What does the Clark-Fisher model show?
The stage of economic development of a country and the percentage of workers employed in different sectors. As the model goes from pre-industrial to post-industrial, mechanisation increases.
47
How does the Clark-Fisher model show LICs or Pre-industrial countries?
They will have a large majority of their workforce in the primary sector (farming, mining and fishing). With very few secondary and tertiary sector workers.
47
How does the Clark-Fisher model show MICs or Industrial countries?
They will have almost half of the workforce in secondary sector jobs (manufacturing). And the rest is made up from an even split of primary and tertiary jobs.
48
How does the Clark-Fisher model show HICs or Post-Industrial countries?
They will have most of the workforce in tertiary sector jobs (services), then secondary sector jobs and a low amount of primary and quaternary sector jobs (research and development).
49
What is the primary sector?
Primary industries extract raw materials. For example, farming and mining.
50
What is the secondary sector?
Secondary industries take raw materials and process them into manufactured goods and products. For example, food processing, oil refining and energy production.
51
What is the tertiary sector?
The tertiary industry involves the selling of services and skills. They can also involve selling goods and products from primary and secondary industries. For example, the health service, transportation, education, entertainment, tourism, finance, sales and retail.
51
What is the quaternary sector?
The quaternary sector consists of providing information services, such as computing, ICT and consultancy; it focuses on research and development - especially scientific.
52
What is the population of India?
1.324 billion people (2016)
53
What is India's average economic growth rate?
7% per year since 1997
55
What is India's HDI score?
0.624 - Medium to high human development
56
Life expectancy in India?
68.3 years
57
Average years of schooling?
11.7 years
58
How many people live in India's urban slums?
40 million people - a quarter of its urban population
59
Where are the most advanced Indian states?
North- west
60
How is India socially diverse?
More than 1500 languages spoken | Caste system
61
India's wealth is unequally shared. Name one state which has a lot of wealth and name another that is very poor.
Maharashtra (Wealthy) | Bihar (Poor)
62
Why is India benefiting from globalisation?
It has a cheap labour force, therefore TNCs are likely to invest for good profit margins.
63
What attracts TNCs to India?
Cheap labour Large number of English speakers Reduced taxes
64
Name regional and national links that India has
Regional- China (neighbour) | National- World trade organisation, commonwealth, United Nations
65
Which 7 things influence the change in India’s economy?
- Trade - Aid - FDI - Government policy - Globalisation - Outsourcing services - Transport and communication
66
How is the GDP in each sector changing in India?
1980-2011: services sector is highest 1980-2010: agriculture is second highest 2010-2011: industry is second highest
67
How does India's geography influence its growth?
India is situated between a large proportion of the world's top trading countries and shipping routes. It is surrounded by ocean so can access many major trade routes
68
How much has India’s GDP per capita is increased by since 1991?
500%
69
What is crucial to India's increased trade?
- Containerisation - Shipping - Aircraft technology
70
How many of the top ten outsourcing cities are in India?
6 | These Include: Bangalore, Mumbai, Dehli, Chennai, Hyderabad and Pune.
71
What happens in urban expansion?
Cities build things like apartment blocks that offer reasonably affordable housing on the outskirts of cities.
73
Name a demographic impact of economic growth in India
The population is aging
75
Name an urbanisation impact of the economic growth in India
More people are migrating to urban areas for higher living standards
77
Name a socio-economic impact of economic growth in India
A decrease in gender inequality. More literate females
78
Name 4 environmental impacts of development in India
``` Air pollution (13/20 main cities are polluted) Land pollution (deforestation and desertification cause flooding) Water pollution (275 rivers are polluted) Greenhouse gas emissions and climate change (3rd largest carbon dioxide emitter) ```
79
What are foreign exchange reserves?
The amount of money in USD held by the banks. 300 billion in India
80
What is geopolitical influence?
How the geography and economy of a country affects its relationships with other countries
81
What is G20?
A group of 20 countries tackling global issues internationally
82
What is COP21?
A deal signed at the Paris talks to reduce carbon emissions globally. It was signed by more than 150 worldwide leaders
83
What 5 things are still a problem in development for India?
``` Poverty Low levels of economic freedom Foreign investment is unreliable Changing international relations Rural and urban lifestyles ```