Economic Deveopment Flashcards

1
Q

What is a LIC?

A

Low income country - Roughly 30% of the worlds poorest countries where most people have a poor quality of life with inadequate services and few opportunities. Most are located in Africa with some in the Middle East

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2
Q

What is a NEE?

A

Newly Emerging Economy - Countries such as Brazil, India and China, which are experiencing rapid economic growth and development. Incomes are rising and most enjoy a reasonable standard of living

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3
Q

What is a HIC?

A

High income Country - There are around 80 countries where most people enjoy a good standard of living based on relatively high levels of income. Most countries have efficient modern industries with most working in the service sector. These include USA, Australia etc.

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4
Q

What are the 9 ways of measuring development?

A
  • Gross National income (GNI)
  • Birth Rate
  • Death Rate
  • Infant Mortality
  • Life expectancy
  • People per doctor
  • Literacy Rates
  • Access to safe water
  • Human development index (HDI)
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5
Q

What does GNI mean?

A

The total income divided by the number of people

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6
Q

What does birth rate mean?

A

Number of live births per 1,000 population

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7
Q

What does death rate mean?

A

Number of deaths per 1,000 population

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8
Q

What does infant mortality mean?

A

Number of deaths of children less than 1 per 1,000 population

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9
Q

What does life expectancy mean?

A

Average number of years a person can be expected to live

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10
Q

What does people per doctor mean?

A

Doctors per 1,000 population

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11
Q

What does literacy rates mean?

A

% of people with basic reading and writing skills

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12
Q

What does HDI mean?

A

Using data on income, life expectancy and education to calculate an index from 0 - 1.

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13
Q

What is the Demographic Transition model?

A

A graph that plots changes in birth rates and death rates over time and shows how the total population grows in responce

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14
Q

What is stage 1 of DMT and what countries are there?

A
  • High Fluctuating
  • Birth ad death rates are both high, they tend to cancel each other out,
  • No countries on in stage 1, though some small tropical rainforest tribes
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15
Q

What is stage 2 of DMT and what countries are there?

A
  • Early Expanding
  • Death rates start to fall and then drops rapidly. Birth rates remain high with an increasing natural rise
  • Afghanistan
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16
Q

What is stage 3 of DMT and what countries are there?

A
  • Late expanding
  • Death rate continues to fall before levelling off. Birth rates start to fall rapidly. The total population continues to grow
  • Many NEE’s have these population characteristics
17
Q

What is stage 4 of DMT and what countries are there?

A
  • Low Fluctuating
  • Both birth rate and death rate re low and fluctuating. As they cancel each other out, the total population growth slows and starts to level off
  • Most HICS are in this stage. eg - USA
18
Q

What is stage 5 of DMT and what countries are in it?

A
  • Natural decrease (decline)
  • Death rate remains constant but birth rate dips below
  • Some European Countries for example Germany have experienced sustained periods of very low birth rates