Economic World Flashcards

1
Q

What is development

A

Progress in economic growth, use of technology and improving welfare that a country has made

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2
Q

How do we measure development

A

Birth rate
GNI
Life expectancy
Individual indicators are misleading so need to be looked at together

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3
Q

What is wrong with just using GNI to measure a countries development

A

It doesn’t show variation between classes

Eg Russia has a high GNI with very few very wealthy but majority are poor

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4
Q

Examples of HICs

A

UK

USA

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5
Q

Examples of LICs

A

Nepal

Uganda

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6
Q

Examples of NEEs

A

China
Brazil
Russia

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7
Q

What is the demographic transition model

A

Shows how changing birth and death rates affect population

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8
Q

What is natural increase

A

When the birth rate is higher than the death rate

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9
Q

What does the different stages of the demographic transition model show

A
  1. Least developed, high BR and DR
  2. Low development, LICs here, based on agriculture, high BR, death rate decreasing
  3. More developed, NEEs here, low BR from contraception and education
    4 and 5. Most developed, HICs here, low BR, low DR from healthcare, high income
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10
Q

What are the physical causes of uneven development

A

Poor climate so difficult to grow food
Poor farming land so difficult to grow food
Few raw materials so make less money
Natural hazards so have to spend money rebuilding
Colonisation so when gains independence has less money
Conflict reduces development

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11
Q

Economic causes of uneven development

A

Poor trade links
Lots of debt
An economy based on primary products so don’t make much profit

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12
Q

What are the consequences of uneven development

A

Large flows of international migration as people in LICs want better healthcare and education
Eg 130,000 Mexicans move to USA each year

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13
Q

What are the ways to reduce the development gap

A

Aid- given by one country to another
Debt relief- cancelled debt eg in Zambia so had enough money to start free healthcare
Fair Trade- farmers get fair price for crops
Intermediate technology- eg solar panels for energy
Investment - people in HICs buy property in LICs and build area up
Tourism- more money enters country eg Kenya
Micro finance loans - allows people to become financially independently

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14
Q

What is a TNC

A

A trans national co operation

They have factories all over the world especially poor countries and improve development in them as it is cheaper

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15
Q

What are the advantages of TNCs

A
Create jobs 
Reliable income for workers 
Improves infrastructure in LIC
Bring new technology 
Teach new skills
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16
Q

Disadvantages of TNCs

A

Low wages
Poor working conditions
Jobs that aren’t secure

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17
Q

Evidence for the north-south divide in the UK

A
Wages 
GCSE results
Health
Life expectancy
Are all worse in the North than South generally
18
Q

What was the main cause of the north south divide

A

Once the north was a great industrial area with lots of people working in shipbuilding and mining
De industrialisation caused them to lose jobs and the north is still feeling effects

19
Q

What are the key causes of economic change in the uk

A

De industrialisation

Globalisation - manufacturing moved overseas

20
Q

What is the primary sector

A

Jobs that involve extracting raw materials eg fishing

21
Q

What is the secondary sector

A

Jobs that involve manufacturing eg factory

22
Q

What is the tertiary sector

A

Jobs that involve providing a service eg teacher

23
Q

What is the quaternary sector

A

Jobs that involve high level technology eg NASA

24
Q

What are the main employment sectors in the UK

A

Tertiary and Quaternary

25
What are the 4 main employment industries in the uk
Services - eg retail employs 5 million Information technology - over 50,000 employed Finance - many banks have global headquarters in UK Research - £30 billion spent in 2013
26
What is a science business park
Area on the outskirts of cities Near unis so research businesses have facilities Drugs are developed by many different companies boosting each other
27
Why is the population of people living in Cumbria declining and what happens as a result of this
There are fewer jobs and no big cities nearby to commute to | Schools and shops are closing as no one needs them
28
Why is the population of north summerset increasing and what happens as a result of this
People want to move to quieter towns and commute into big cities and this is close to Bristol House prices are rising which is pricing out locals Roads are congested and schools are oversubscribed
29
What is the government doing to try and resolve regional differences
Devolving more powers to local councils as they know what is best for their area Create enterprise zones with reduced taxes and financial benefits to encourage businesses to locate in areas of high unemployment
30
What is transport like in the uk and how is it being improved
Motorways are being built with extra lanes Cross rail is under construction Building new runway at Heathrow The new London gateway port is opening and is able to handle worlds largest container ships
31
What are the Uks main international links
Trade - £250 billion of exports yearly Culture eg Shaun the sheep made in Bristol shown in 170 countries Transport - channel tunnel and large airports EU and Commonwealth
32
How does Kenya attract tourists
It’s Tribal culture Safari wildlife Warm climate Beautiful scenery
33
What are the benefits of tourism in Kenya
Contributes for 12% of GDP Nearly 600,000 are employed as a result 24 national parks charge entry fees so makes money
34
What are the disadvantages of tourism for Kenya
Only a small proportion of money goes to locals Some tribal people were forced off land Vehicles damage environment
35
What is the development like in India
It is a rapidly developing NEE Second largest population in the world Medium levels of development Exports services and goods across the world
36
Which of the 4 sectors are mostly employing in India
Primary industry employs 50% Secondary employs 20% Tertiary employs 30%
37
What are the advantages of TNCs in India
Provide employment Greater income from tax The company Unilever helps poor women in rural villages become entrepreneurs by providing loans , are now 50,000 women on scheme Unilever also works with charities to run hygiene education programs
38
What’s the disadvantages of TNCS in India
Some profits leave India | Can cause environmental problems eg contaminated waste ended up in a waste dump
39
How is India’s relationship with the wider world changing
It is reducing barriers to trade and encouraging foreign investment Working with border countries to being pipeline to carry gas to India
40
What aid does India receive
Short term aid Eg UK sent £10 million after earthquake Long term aid Until 2015 recurved £200 million from Uk to tackle poverty
41
How has economic development impacted the quality of life in India
More jobs and wages increase Better santitation Some jobs can be dangerous so reduce quality of life
42
How has economic development in India impacted the environment
Energy consumption increase Demand for resources destructs environment Increased income means can afford to protect