economic world

Question 1

what is Gross National Income? (GNI)

Answer 1

total of goods, services and overseas investments divided by total population

Question 2

what is Human Development Index? (HDI)

Answer 2

combines GNI, life expectancy, literacy rate to give an index figure

Question 3

what is infant mortality?

Answer 3

average number of deaths under 1 year per 1000 births

Question 4

what is birth rate?

Answer 4

number of births in a year per 1000

Question 5

what is death rate?

Answer 5

number of deaths in a year per 1000

Question 6

what is people per doctor?

Answer 6

number of doctors per year per 1000

Question 7

what is literacy rate?

Answer 7

percentage of people with basic reading and writing skills

Question 8

what is development gap?

Answer 8

difference in standards of living between HICs and LICs

Question 9

what is globalisation?

Answer 9

movement of goods (trade) and people (migration and tourism) worldwide

Question 10

what is a Transnational Corporation? (TNC)

Answer 10

a company that has operations (factories) in more than one country

Question 11

3 strategies used to help close the development gap

Answer 11

• intermediate technology
• debt relief
• micro-finance loans

Question 12

what is debt relief?

Answer 12

debt owned by poorest countries is “cancelled” by World Bank

Question 13

what is intermediate technology?

Answer 13

sustainable technology that involves small scale projects

Question 14

what are micro-finance loans?

Answer 14

small scale loans given to families to set up small businesses

Question 15

how can intermediate technology be used to help close the development gap?

Answer 15

wells dug for villages, allows to obtain clean water

Question 16

how can debt relief be used to help close the development gap?

Answer 16

money spent on interest could now be spent on infrastructure projects (roads) to develop countries

Question 17

how can micro-finance loans be used to help close the development gap?

Answer 17

help poorest people set up a business

Question 18

what are 2 advantages of Shell?

Answer 18

• employment for 65,000 workers
• skills learnt by Nigerian workers for Shell, able to set up companies

Question 19

what are 2 disadvantages of Shell?

Answer 19

• oil spills destroy livelihoods of local farmers and fishermen
• flares release toxic fumes into air

Question 20

what is deindustrialization?

Answer 20

decline of a country’s traditional manufacturing industry due to exhaustion of raw materials

Question 21

what is the North-South divide?

Answer 21

economic and cultural difference between Southern and Northern England

Question 22

name one example of The North-South divide

Answer 22

South Cambridgeshire and Outer Hebrides

Question 23

what is the population like in South Cambridgeshire?

Answer 23

• 150,000
• increasing due to migration

Question 24

what is the population like in Outer Hebrides?

Answer 24

• declined by 50%
• due to young people leaving

Question 25

what are 2 social effects of South Cambridgeshire?

Answer 25

• traffic congestion
• young people can’t afford expensive housing

Question 26

what are 2 social effects of Outer Hebrides?

Answer 26

• increasing ageing population
• schools shutting down due to falling birth rate

Question 27

what are 2 economic effects of South Cambridgeshire?

Answer 27

• lack of affordable housing
• increased population puts pressure on schools

Question 28

what are 2 economic effects of Outer Hebrides?

Answer 28

• farming is unprofitable
• infrastructure can’t support increased tourism