Development & Globalisation: Measuring Development Flashcards
Economic Development
An increase in a country’s level of wealth.
Decrease in primary sector jobs, increase in secondary and eventually tertiary jobs.
Increase in sustainability.
Demographic Development
Increased life expectancy.
Decreased death rate.
Falling birth rate.
Social Development
Improved education and literacy.
Improved access to medical facilities.
Improved levels of sanitation.
Better housing.
Political Development
People have a greater say in who forms the government and therefore the impact it can have on their lives.
Cultural Development
Greater equality for women and better race relations.
GDP
Gross Domestic Product is the total finished goods and services produced by a country in one year.
GNP
Gross National Product is the GDP of a country plus it’s net income earned from overseas resources.
PPP
GDP per capita. Countries with a high GDP won’t always have a high PPP; China has the highest GDP in the world but places 113th in PPP, whereas the UK places 10th in GDP and 39th in PPP.
Early Classifications of Development
First world - WEurope, NAmerica, Japan, Australia, New Zealand.
Second world - state-controlled communist countries such as former USSR countries, and EEurope.
Third world - all other countries in Africa, Asia and LAmerica. Any country that is not considered capitalist or communist.
The Development Continuum
Modern classifications of countries: LDCs LEDCs FCCs/CPEs RICs OPECs NICs MEDCs G8s/G7s
LDCs
Least Developed Countries:
Very low living standards.
Low life expectancy, high infant mortality rate.
Low literacy levels (especially women).
Many are landlocked or small island nations.
LEDCs
Low Economically Developed Countries: Low development. High primary sector employment & emerging secondary. GDP & HDI remain low. Some improvement evident.
FCCs
Former Communist Countries - transition is difficult due to lack of entrepreneurship.
CPEs
Centrally Planned Economy e.g. North Korea.
RICs
Rapidly Industrialising Countries - more recent than NICs and wider global distribution.