Dynamic Development Flashcards
What defines an advanced country?
Highly developed economy and advanced technological infrastructure, many workers in tertiary sector of employment
What are emerging developing countries?
Economic development in between AC and LIDC with most workers in secondary sector of employment
What does BRIC stand for?
Brazil, Russia, India, China
What does MINT stand for?
Mexico, Indonesia, Nigeria, Turkey
What characterizes low income developing countries?
Economic development very low with predominantly agricultural based employment and economy
What is GNI?
Sum of country’s GDP plus overseas income
How is GNI per capita calculated?
GNI divided by population
List other measures of development.
- Unemployment rate
- Literacy rate
- Infant mortality rate
- % access to safe water
What is HDI?
Health Development Index
What are the dimensions of HDI?
- Long and healthy life
- Knowledge
- Decent standard of living
What indicator represents long and healthy life in HDI?
Life expectancy at birth
What indicator represents knowledge in HDI?
Expected years of schooling
What indicator represents decent standard of living in HDI?
GNI per capita (PPP)
What are physical factors for uneven distribution of development?
- Beasts of burden
- Cereal crops
- Climates
- Resistance to disease
What does the concept of environmental determinism imply?
It does not consider human factors
How does trade impact LIDC’s economic development?
World trade set up to benefit AC’s through tariffs on LIDC’s exporting secondary goods
What political issues can lead to uneven development?
- Social inequality
- Corruption
- Poor government spending
- Inflation
- Conflict over resources
What is Rostow’s Model?
Ladder for stages of economic growth
What characterizes the traditional stage in Rostow’s Model?
Reliant on agriculture to support themselves rather than selling it for profit
What happens in the preconditions for take-off stage?
Sell agricultural produce for profit, investment in infrastructure
What occurs during the drive to maturity stage?
Increases self-sufficiency, move away from secondary sector, rapid urbanization
What defines the age of mass-consumption?
Increased personal wealth, service, tertiary and quaternary employment dominate
