Development & Industry Flashcards
Def. Development
The progress a country makes over time
And it includes both economic and social dimensions.
Def. Quality of Life
Quality of life is the general well-being of people and societies. It is the standard of happiness, comfort, and health that a person or group of people experience.
Def. Standard of Living
Standard of living is the degree of wealth and material comfort available to a person or community.
What is a LIC?
Low Income Country
What is an NEE?
Newly Emerging Economy
What is a HIC?
High Income Country
What are the characteristics of LICs?
- Low average incomes
- Agriculture and other primary industries as main sources of income
- Especially vulnerable to natural hazards
What are the characteristics of NEEs?
- High rates of economic growth
- Transnational corporations invest in these
- Reliant on secondary industries i.e. factories
- Agriculture still part of the economy
What are the characteristics of HICs?
- Office work has overtaken fatory employment
- Reliant on tertiary industry
- Very high average incomes
What is the Brandt Line and what are its limitations?
A line that separates the world into ‘the rich north’ and ‘the poor south’.
- Due to globalisation, billionaires can be found in every country
- The GNP per capita of some countries in Europe is lower than in Brazil or Malaysia
- Countries such as Singapore have very high incomes but are below the line
What is HDI?
Human Development Index
A combination of
- Life expectancy
- GNP per capita
- Access to education
It is a number from 0 to 1
What are useful Development Indicators?
- Life expectancy
- Birth and death rate
- Acess to safe water
- People per doctor
- Literacy rate
- GNP (gross National Product) per capita
- Quality of life
- HDI (Human Development Index)
Why is HDI a good development indicator?
- Includes three different indicators in one
- The indicators are a mix of social and economic e.g. education & GNP per capita
- Gives a numerical value that allows for easy statistical comparisons
- Shows the development of a country each year, so progress can be tracked
Why are some countries MEDCs while others are LEDCs?
- Natural resources e.g. oil, coal, raw materials, water
- Landlocked causes dificulty to trade/having ports
- Trade Blocs
- Climate/Natural hazard (disasters)
- Colonialism
- Civil war
- Political system/Level of corruption
Why are there differences in levels of development within a country?
- Availability of energy supplies
- Proximity to ports/trade hubs
- Climate extremes e.g. desert
- Variation in terrain, High relief e.g. mountainous land
- Accesibility be roads/railways
- Availability to water supplies
- Civil wars
- Variation in government investment
- Variation in soil quality
What are the Sectors of Industry?
- Primary
- Secondary
- Tertiary
- Quaternary
Def. Primary Sector
Industries that extract raw materials directly from the earth or sea
e.g. Mining or farming
Def. Secondary Sector
Industries that process and manufacture products from raw materials
E.g. Factory worker or machinist
Def. Tertiary Sector
Industries that provide a service
e.g. Teacher or dentist
Def. Quaternary Sector
Industries that are knowledge-based and focus on research/innovation and hire highly qualified people
Describe the pre-industrial phase of the Clark Fisher Model
The primary sector leads the economy and may employ more than two-thirds of the working population. Agriculture is the most important activity.
Describe the industrial phase of the Clark Fisher Model
The secondary and tertiary sectors increase in importance. The primary sector declines.
Describe the post-indusrial phase of the Clark Fisher Model
As the tertiary sector becomes the most important sector, the secondary sector declines and the primary sector employs a small percentage of the active population. The Quaternary sector emerges but is still the one with the least employees