Globalisation EQ3 Flashcards
What is development?
The improved quality of life (wellbeing, happiness) of a countries population. It has social,economic, cultural , political and environmental aspects.
Why has globalisation led to a growing development gap?
Overall, the global economy has grown massively however the already rich take a disproportionate large share of this growth. Increasing the inequality gap.
However, it has also halved poverty levels since 2000 and taking many people spout off absolute poverty.
What is the difference between single indicators and composite indices?
Single indicators > measure one variable. They are easy to use and understand but may not give an accurate representation of development. (GDP)
Composite indices > combine more than one variable into a single measurement (HII,GII)
Economic development indicators
- income per capita
- gross domestic product (GDP)
- gross national income (GNI)
- economic sector balance
What is income per capita, benefits and costs?
The mean income of a group of people. Gives a decent indication of levels of development as a higher income is normally associated with raised QoL (education/health care)
C > it may be misleading where there is a high income inequality.
What is GDP?
Gross domestic product is the measure of the total output of goods and services produced in a country over a year.
What is economic sector balance?
A countries economy can be split into four economic sectors. The economic balance is the contribution that the different economic sectors (agriculture, manufacturing) are outputting.
What are the main social development indicators?
- human development index (HDI)
- Gender inequality index (GII)
What is the human development index?
The combination of life expectancy at birth, income and years in education. It combines economic and social development on a scale of 0 (lowest) - 1 (highest)
What is the gender inequality index?
Combines the reproductive health of women, their participation in the workforce and empowerment to measure gender based development. Present on a scale from 0-1.
What are environmental indicators?
- WHO air pollution levels
Tend to be local and the roar cannot be compared Ona national scale.
How are indicators not reliable?
- Arguably, all date is out of date and soon as it’s collected
- developing and emerging countries may lack the resources needed to collect accurate data.
What is the Gini Coefficent?
It shows how wealth varies between and within several national. Providing each with a number between 1-100. The higher the value the greater the income inequality
What has globalisation created winners and loser?
Globalisation has created a steep rise in the money supply changing the spatial pattern of global wealth.
- average income has risen in all the continents but only very slowly in the poorest parts.
- greatest gains have been the already rich nations (Europe, North America)widening the average income gap.
- absolute poverty has fallen worldwide.
This is a growing wealth group has created significant wins for the already rich but also significant loss for developing national as well as the environment.
Winners of globalisation?
- TNCs have managed to expand their businesses globally, and have majorly benefited from the cheaper and Korean efficient trade. Many global TNCs owners are billionaires.
- Global shift has led to Asian population having regular incomes and a raised confused society
- the fall in absolute poverty worldwide
Loses of globalisation
- isolated rural populations (Asian and Sub-Saharan Africa) who still rely on subsidence farming and global connections are thin.
- deindustrialise regions in developed country’s who face high unemployment and crime rates.
- factories workers who suffer exploitation and unsafe working conditions
- slum dwellers in developing world.