GCSE 2.B - The Changing Economic World Flashcards
What is Development?
The progress/improvement a country has made in terms of economic growth, use of technology, and human welfare. Quality of life improves.
What 4 factors affect development?
Environmental, Economic, Social and Political
What are the 2 main ways to mesure development?
GNI and HDI
What is GNI?
Gross National Income
The total value of goods and services produced by a country in a year, plus extra money earned from, and paid to other countries. GNI per head is this divided by the population of a country
Economic Indicator
What is HDI?
Human Development Index
- life expectancy at birth
- Number of years of education
- GNI per head
- Value between 0 and 1
Social Mesure
What does the demographic transition model show?
Changes overtime in the population of a country
- Birth rate
- Death rate
- Overall population
What is the gap between birth rate and death rate called?
Natural Change
(increase or decrease)
What do population pyramids show?
The structure (age distribution) of a population.
What are the 3 main causes of Uneven development?
Physical, historical and Economic causes
How does uneven Development impact people?
- Disparities in wealth and health
- International migration
How can the development gap be reduced?
- Investment
- Industrial development and tourism
- Aid
- Using intermediate technology
- Fairtrade
- Debt relief
- Microfinance loans.
Global importance of Nigeria
- Supplies 2.2 percent of the world’s oil but also diverse economy - telecommunicatios and media, financial services
- (Politically) Major contributor to UN peecekeeping missions
Regional Importance of nigeria
- Fast growing economy in Africa, Highest GDP and 3rd largest maufacturing sector
- Largest population of any African country with more than 206 people, highest farm output in Africa. 35% of the Pop are employed in agriculture.
How have Nigeria’s sources of income changed?
traditionally - Primary Agricultural products
Then 1950s Oil was discovered
Oil now accounts for 90% of it export earnings
Nigerias current industrial structure
- Employment in agriculture declining but 22% of Nigeria’s GDP due to machinery
- 27% of GDP is from the Industrial sector
- Rapid growth Of service sector, 50% of countrys GDP
- growing manufacturing sector
Why is Nigeria’s economy developing?
Rapid advances in technology
More concern for environment
More english speakers - growth in comms
Investment in STEM trainign
IT is starting to overtake oil
Increased use of telecomms - Global trade
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How is manufacturing effecting Nigeria’s economic development?
- increase in regular paid work - secure income
- Stimulating links between companies
- Employment increase
- Foriegn investment
What is a TNC?
A TransNational Corporation is a lage company that operates in several countries
What do TNCs take advantage of in foreign countries?
- Tax incentives
- Laxer ebvironmental laws
- Acess to wider market
- Cheaper labor
TNC advantages for Nigeria
- Employment and development of new skills
- More money spent in the economy
- Investment
- Local providers benefit
- Valuable export revenues
TNC disadvantages for Nigeria
- poor pay and work conditions
- Management jobs often go the foreign employees
- Much of the profit goes abroad
Nigeria’s Political links
Till 1960 it was part of the british empire
Current part of commonwealth and leading member of African Political and economic groups as well as international orgs like the UN
Nigeria’s Global trading relationships
major global trading nation - major exports are crude, refined petroleum
Growing import of telephones- emergin middle class
WHat isa
WHat is a social advantage of shell?
Unilever promotes
healthcare, education
and water supply as part
of its social
responsibility
programme
What is a social disadvantage of Shell?
Traffic congestion leads
to high levels of exhaust
fumes creating a health
hazard
What is an economic advantage of shell?
Shell makes major
contributions in taxes
and exports revenue
What is an economic dis-advantage of shell?
Oil theft and sabotage
are big problems in the
region, reducing
production levels and
costing TNCs and the
government billions of pounds
WHat is an environmental advantage of Shell?
Unilever tries to use
environmentally friendly
materials such as locally
produced palm oil
what is an economic disadvantage of Shell?
Desertification (the
expansion of deserts)
has been made worse
by large-scale dam and
irrigation schemes
The global development gap definition
The difference between more and less developed countrys
Birth rate
Number of live births per 100 of the population per year. As a country develops it gets lower
Death rate
Number of deaths per 1000 of the population per year
Infant mortality rate
Number of babies who die before they are 1 year old, per 100 babies
People per doctor
Average number of people for each doctor
Literacy rate
the percentage of adults who can read and write.
Access to safe water
the percentage of people who can get clean drinking water
Life expectancy
the average age a person can live to
Why can GNI be misleading?
It is an average
For example: the GNI Per Person in Qatar is as high as some HICs, but Qatar has a small number of very wealthy people and alot of relatively poor people.
Why can social development indicators be misleading?
**Some social indicator aspects grow before othes **
For example: Cuba has a low birth rate, which suggests it is more developed, but has a high death rate, which suggests it is less developed
Examples of HICs
Uk, USA, Canada, France
Examples of LICs
Afghanistan, Somalia and Uganda
Examples of NEEs
The BRICS (Brazil, Russia, India, China, and SA)
MINT (Mexico, Indonesia, Nigeria and Turkey)
What is a HIC?
The wealthiest countrys in the world, where the GNI per head is high
What is an LIC
the poorest countrys in the world, where the GNI per head is very low.
What is an NEE?
a country that is rapidly getting richer as their economy moves from being based on the primary industry ( agriculture) to the secondary industry ( manufacturing )
Why is HDI a better indicator of development?
it tells you about the economic development and QOL of a country
What does the DTM show?
How birth rates and death rates affect population growth
DEMOGAPHIC TRANSITION MODEL
What is natural increase?
When the birth rate is higher than the death rate, so the population grows. The opposite is called natural decrease