Economic Development - Development Flashcards
What is development?
When a country gets better - the quality of life is improved e.g. wealth/health/safety ect
What are some economic development indicators?
GDP (gross domestic product) - total value of goods and services a country produces a year
GDP per capita (also called GDP per head) - GDP divided by total population
What are some social development indicators?
Birth rate Death rate Infant mortality rate People per doctor Literacy rate Access to safe water Calorie intake Human development Index (HDI) - a number that calculates life expectancy, literacy rate, education level and income per head
What were the categories of development in the past?
First, second and third world countries
First world - rich with lots of manufacturing and services
Second world - communist with lots of manufacturing
Third world - all other countries
What environmental factors can affect the level of development?
Poor climate - won’t be able to grow much if too hot/cold
Poor farming land - less crops to eat/sell
Limited water supplies
Lots of natural hazards - money has to be spent on this instead of developing
Few raw materials - won’t be able to trade
What economic factors affect development?
Poor trade links
Lots of debt
Economy based on primary products - don’t make much profit
What social factors affect development?
Drinking water - have to spend more time getting water than going to work, people die from dirty water
Place of women in society - if women are equal to men then they will be educated and get to go to work, which means there’s more people working
Child education - more children educated means they’ll be able to get good jobs with high wages
What types of government aid can be given for development?
Direct - straight to the recipient, called bilateral aid
Indirect - through an international organisation, called multilateral aid
What is short term aid used for and what are the advantages/disadvantages?
Emergencies e.g. natural hazards
Adv - more people are likely to survive
Disadv - doesn’t help development, aid might not get to where it’s most needed
What is long term aid and what are the advantages/disadvantages?
Helps country to develop e.g. improve water supplies, construct schools
Adv - helps to develop and over time the country becomes less reliant on the aid
Disadv - can take a while before the aid benefits them