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
Q

What are the 4 main employment industries in the uk

A

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
Q

What is a science business park

A

Area on the outskirts of cities
Near unis so research businesses have facilities
Drugs are developed by many different companies boosting each other

27
Q

Why is the population of people living in Cumbria declining and what happens as a result of this

A

There are fewer jobs and no big cities nearby to commute to

Schools and shops are closing as no one needs them

28
Q

Why is the population of north summerset increasing and what happens as a result of this

A

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
Q

What is the government doing to try and resolve regional differences

A

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
Q

What is transport like in the uk and how is it being improved

A

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
Q

What are the Uks main international links

A

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
Q

How does Kenya attract tourists

A

It’s Tribal culture
Safari wildlife
Warm climate
Beautiful scenery

33
Q

What are the benefits of tourism in Kenya

A

Contributes for 12% of GDP
Nearly 600,000 are employed as a result
24 national parks charge entry fees so makes money

34
Q

What are the disadvantages of tourism for Kenya

A

Only a small proportion of money goes to locals
Some tribal people were forced off land
Vehicles damage environment

35
Q

What is the development like in India

A

It is a rapidly developing NEE
Second largest population in the world
Medium levels of development
Exports services and goods across the world

36
Q

Which of the 4 sectors are mostly employing in India

A

Primary industry employs 50%
Secondary employs 20%
Tertiary employs 30%

37
Q

What are the advantages of TNCs in India

A

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
Q

What’s the disadvantages of TNCS in India

A

Some profits leave India

Can cause environmental problems eg contaminated waste ended up in a waste dump

39
Q

How is India’s relationship with the wider world changing

A

It is reducing barriers to trade and encouraging foreign investment
Working with border countries to being pipeline to carry gas to India

40
Q

What aid does India receive

A

Short term aid
Eg UK sent £10 million after earthquake
Long term aid
Until 2015 recurved £200 million from Uk to tackle poverty

41
Q

How has economic development impacted the quality of life in India

A

More jobs and wages increase
Better santitation
Some jobs can be dangerous so reduce quality of life

42
Q

How has economic development in India impacted the environment

A

Energy consumption increase
Demand for resources destructs environment
Increased income means can afford to protect