Economic world Flashcards
What is GNI
An average of gross national income per person per year
What is GDP
The total value of goods and services produced in a country per person per year
What is HDI
A number that takes into account the life expectancy, education level and income per person
Physical Causes of uneven development
Natural resources, natural hazards, climate, location
Human factors that cause uneven development
Education, Health, history,trade
Consequences of uneven development
Wealth, health and migration
What are ways of reducing the development gap
Debt relief, aid, fair trade, micro finance
What is an advantage and disadvantage of debt relief
A- more money spent on development
D- locals don’t always get a say
What is an advantage and disadvantage of aid
A- improve literacy rates, building dams
D- can be wasted by corrupted governments
What is a disadvantage of fair trade
D- only a tiny proportion of extra money reaches the producers
What is an advantage and disadvantage of microfinance
A- enable people to start businesses
D- can’t really reduce poverty on a large scale
What did the UK give to Malaysia
Aid to build Pergamum dam to make electricity and improve the standard of living
