Global development Flashcards
Different parts of quality of life
Physical
psychological
social
Economical
Economic development
A measure of a countries wealth and how it is earned.
Social development
Measures the access the population has to wealth, jobs education, nutrition, health, leisure and safety.
political development
The development of the institutions, attitudes, and values that form the political power system of a society.
Gross domestic product(GDP)
total value of goods and services produced within a country within a year.
positives of GDP
There is a lot of historical data to compare as many countries measure GDP
Negatives of GDP`
Does not consider a nations distribution of wealth or determine a nations poverty.
Gini coefficient
Measures how equal people are in a country in terms of wealth. A country is given a score between 0 and 1
1 = unequal distribution
0 = equal distribution
Corruption perceptions index
Measures the perceived corruption in governments and the public sector. 100 is a perfect score whilst 0 shows a very corrupt public sector.