Globalisation Eq3 Flashcards
What is the development gap
The widening difference in levels of development between the world’s richest and poorest countries
Why is the development gap increasing
Free trade has allowed the accumulation and movement of wealth without restriction
What does the Gini coefficient and Lorenz curve measure
Inequality
How does the Gini coefficient measure inequality
Index with values between 0 and 100. 0 means everyone has the same income, 100 means high income inequality
How does the Lorenz curve measure inequality
Graph with cumulative share of people from lower income on X axis, cumulative share of income earned on y axis, the bigger the curve the higher the inequality
Define development
Change from a traditional economy to one based on technology, and improving standards of living
What is a single measure of development
Measures one particular indicator of development
What is a composite measure of development
Combines a variety of indicators to one score
What is gdp
Economic measure of development that refers to the market value of all the finished goods and services produced by a country
B
Measures proportion of economic output from each sector of industry e.g primary Vs secondary Vs tertiary
What is HDI
measure of development that combined life expectancy, education and per capita income indicators
What is GEI
Composite measure of development that provides insights into gender disparities in health, empowerment and the labour marker
What tensions are there over globalisation
Migration
Environment
Culture/ideology
Resources/territory
How does china attempt to control globalisation
China’s Great firewall reduces access to western culture
What issues are there for indigenous communities in Canada
Oil pipelines are being built across indigenous land, so if there is an oil spill, all their land and natural resources would be destroyed