Devlopment Dilemmas Flashcards
GDP per capita
the monetary value of all goods and services produced in an economy in a year and is divided by the number of people
it shows how wealthy a country is in comparison to its population but it doesn’t show how the wealth has been spread out
Human Development Index (HDI)
includes income, education and life expectancy and combines them into one number
Happy Planet Index (HPI)
this indicator measures how well resources use benefit people in a country without causing long term damage to the environment
what were the 5 stages of Rostow’s modernisation theory?
Stage 1 Traditional society - subsistence, barter, agric.
stage 2 Transitional stage - specialization, infrastructure
stage 3 Take off - Industrialisation
stage 4 Drive to maturity - investment, less reliance of imports
stage 5 High mass consumption - service sector becomes dominant
what is the dependency theory?
blames developed countries for developing countries lack of development
what are the reasons for the dependency theory?
- rich countries interfere with poor countries politics e.g UK + US in Afghan and Iraq
- third world debt; rich countries charge huge interest rates on loans to poor countries, poor countries have to use aid money to repay them
- selling poor countries things they don’t need e.g. coca cola