EQ3- What Are The Consequences Of Globalisation For Global Development And The Physical Environment And How Should Different Players Respond To Its Challenges Flashcards
How is Gross national income used to measure development
Is a measure of a country’s wealth. Is the value of goods and services earned by a country, including overseas earnings.
When measuring economic development why is: - US$ - Per capita - Purchase power parity (PPP) Used
US$- is the most stable currency in the world, so easier to compare development over a number of years
Per capita- gives data on average per person, puts population into perspective
PPP- Reflects the cost of living in a country by showing spending power
What is the economic sector balance as a measure of economic development and how does it change as a country develops
Shows the percentage of contribution of primary, secondary and tertiary sectors to GNI.
As countries develop there is a decline in the primary industry and a growth in the secondary industry
Describe the differences in the Lorenz curve between Bangladesh, Brazil and the UK
The curve is a measure of the distribution of income in a country to measure inequality.
Bangladesh has the most equal distribution of income, where 20% of the population earn 10% of the nations income. This is more equal compared to the UK , where 20% of the population earn 5% of the nations income, and Brazil, where 20% of the population earn 2% of the nations income
What is HDI, how is it measured
The human development index provides a measure of life expectancy , education and GDP for every country. Shows how people benefit from economic growth, put into a value between 0 (low) and 1 (high).
What is the Social Progress Index (SPI) and why may it be a better measure of development than GDP
Is a measure of the wellbeing of society, everyones access to basic needs and services, education, health and a sustainable environment.
GDP does not take into account the environment, happiness or the community.
Why does the environment decline as countries develop to emerging
The more a country develops the more infrastructure built, technology used, vehicles used and roads built, which are all linked to energy production, industrialised processes and road transport. These processes all produce pollutants which worsen the air quality and cause environmental decline.
Why would a countries pollution levels start to decline when they reach a high level of development
They start to focus more on the environment and reducing air pollution rather than having a sole focus on economic development. They start to control vehicle emissions, record air quality and outsource manufacturing
Explain the income inequality within a country like China
Incomes are not usually distributed evenly within a country, higher income is concentrated where economic development occurs
In China, the East has the highest incomes, due to most economic development occurring there and it mainly being secondary and tertiary jobs . In the West incomes are below average due to most jobs being in the primary sector, with high levels of poverty.
What are the social and economic disadvantages of income inequality
Social
Can cause tension between poorer and richer members of society
Higher crime rates and imprisonment
Poorer health
Economic
Lower long term GDP growth rates
Lower education levels which effects the quality of the workforce
High unemployment and economically inactive members of society
Define a melting pot
Why is London described as a melting pot
Is a place where a variety of races, cultures and individuals assimilate into a cohesive whole.
In London, there are residents from every country, speaking almost every language.
Explain how open borders have led to a melting point
How is it changing in London
Has allowed people from different countries to migrate and live in London, EU citizens are free to move around the EU.
In London, Brexit has led to restricted free movement.
Explain how FDI has led to a melting point.
How will this change in London
London has attracted 35% of firms who moved their European headquarters. Is a recipient of FDI from France, Japan, Australia, Canada, India and Ireland.
More firms see London as a location for FDI, with its high accessibility, communication and global influence as a world hub.
Define Diaspora and give an example
Is the movement or migration of people who share a national and ethnic identity away from their perceived household.
The Jamaican diaspora consists of those of Jamaican nationality and descent living in the UK, USA and Canada, setting up their own small communities.
Explain how Diasporas can arise from globalisation
Can lead to large volumes of people from the same country migrating due to law changes (EU free movement) in search of a better job, lifestyle or quality of life. People look for other people from the same country when they migrate, seeing diasporas arise.