What is development?
Development is an improvement in living standards through better use of resources.
Economic development
Progress in economic growth through levels of industrialisation and technology.
Social development
Improvement in peoples standard of living for example clean water and electricity.
Environmental development
Involves advances in the management and protection of the environment.
Economic indicator examples
Social indicator examples
Demographic transition model
shows population change over time. It studies how birth rate and death rate affect the total population of a country.
1 - high DR + BR
2 - low BR + declining DR
3 - low BR + rapid decline DR
4 - low BR + DR
5 - falling DR + low BR
variations in level of development
LICs - GNI is low and most people have a low standard of living (Africa)
NEEs - Getting richer and economy is progressing to second industry. greater exports lead to better wages (Asia)
HICs - Wealthy countries with high GNIs and standards of living (Europe)
natural resources affecting uneven development (physical)
natural hazards affecting uneven development (physical)
location affecting uneven development (physical)
climate affecting uneven development (physical)
Aid effects uneven development (Human)
Trade affects uneven development (Human)
Education affecting uneven development (Human)
Health affecting uneven development (Human)
consequences of uneven development
wealth - people in more developed countries have higher incomes
health - better healthcare means that people in more developed countries live longer
migration - if nearby countries have higher levels of development people will move there for a better standard of living
Microfinance Loans
Involves people in LICs receiving small loans from traditional banks
Aid
Given by one country to another as money or resources.
debt relief
when a country’s debt is cancelled or interest rates are lowered.
fair trade
a movement where farmers get a fair price for the goods produces.
Technology
induces tools, machines and affordable equipment that improve quality of life.
Jamaica tourism economy
Jamaica’s multiplier effect