Global patterns of economic development Flashcards
What are the three classifications of countries based on economic development?
Low-income countries, Middle-income countries and emerging economies, High-income countries
Who coined the term ‘Third World’?
Alfred Sauvy
In what year did Alfred Sauvy first use the term ‘Third World’?
1952
What does GNI stand for?
Gross National Income
How does the World Bank classify countries by economic development?
High Income, Upper Middle Income, Lower Middle Income, Lower Income
What is GNI a measure of?
Total domestic and foreign output claimed by residents of a country
What political and socio-economic division is represented by the North-South Divide?
The division of the world into developed and less developed regions
Who visualized the North-South Divide through the Brandt Line map?
Willy Brandt
True or False: The classification of countries into developed and less developed is considered a modern approach.
False
Fill in the blank: The World Bank uses _______ to classify countries by economic development.
Gross National Income (GNI)
What is a common but unhelpful reference for classifying countries today?
First and Third World
Discuss the relevance of the Brandt Line representation of the world.
It highlights the division between developed and less developed regions
What does the Brandt Line represent?
A visual representation of the North-South Divide
What is the primary measure used by the World Bank for economic classification?
Gross National Income (GNI)
What is the outdated classification of countries that refers to developed and less developed countries?
First and Third World
