Globalisation - EQ3 - What are the consequences of globalisation for global development & the physical environment, & how should different players respond to its challenge? Flashcards
define development
the ways in which a country seeks to grow economically & to improve the standards of living for its inhabitants
define the development gap
the social & economic disparity between the wealthy & the poor
What are the social benefits of a global culture
QofL
- the diffusion of cultural objects can enhance the quality of life in certain areas
What are the social benefits of a global culture
acceptance
- cultural traits can be adopted but do not affect other cultural traits, notably religion
- can promote equality & freedom of expression
- a homogenous global culture–> easier to fit in
- expand a person’s perceptions
What are the social costs of a global culture
- unique features of smaller cultures may be lost forever
- some citizens may begin to feel that their culture is being taken over
Suggest an economic benefit of a global culture
- when TNCs engage with new markets & cultures
- they can easily adapt their products & services to suit different places better by glocalisation
- which will increases profits
What are the environmental costs of a global culture
- consumerism is fundamentally at odds with sustainable development goals:
- further devaluing of nature becomes inevitable,
- with economic growth leading to environmental degradation
Is GDP a single or composite measure
single
Is GNI per capita a single or composite measure
single
Is GNI a single or composite measure
single
Is the Economic Sector Balance a single or composite measure
composite
What is GNI per capita also known as
PPP - purchasing power parity e.g The Big Mac index
What does GNI per capita measure
the dollar value of a country’s final income in a year divided by its population
What does GDP measure
- the total value of goods & services
- produced within a nations borders
- shown on average
- excluding foreign earnings
What does GNI measure
- the total value of goods & services earned by a country in a year
- including overseas earnings remittances & FDI
What does Economic Sector Balance measure
the percentage contribution of primary, secondary, tertiary & quaternary sectors to GNI & GDP
Advantages of GDP
- good measure of a country’s economic activity, which can be compared with contrasting countries
- relatively simple to calculate
- widely understood by all
Advantages of GNI per capita
- considers cost of living & inflation within a country
- making International comparisons between countries with different standards of living more valid
Advantages of GNI
- good to measure how the country’s residents contributes to the flow of goods & services inside & outside the national territory
- helps to measure the AT Kearney & KOF indexes
- can also measure who profits from TNCs that are redistributed overseas
Advantages of Economic Sector Balance
- takes into consideration the different employment sectors in a country
- percentages allow for comparisons between countries
- can measure change over time (from pre to post industrial)
Disadvantages of GDP
- doesn’t indicate:
- how the wealth is distributed (income inequality)
- how the money was made
- the informal economy - underestimates for LIDCs
- how the money is used - development, corruption & conflict
Disadvantages of GNI per capita
- data only collected in intervals - ignores fluctuations in inflation throughout the year
- reduces the size of the development gap as you are are taking population into account
Disadvantages of GNI
- not an accurate measure of economic activity due to diaspora remittances & TNC profit reparations
- fails to account for the informal economy
Disadvantages of Economic Sector Balance
- doesn’t account for the informal economy & entrepreneurship (influencers)
- difficult to classify jobs
Is the GII a single or composite index
Composite
What does the gender inequality index measure
- Reproductive health - maternal morality & adolescent fertility
- Empowerment - Parliamentary representation & educational attainment
- Labour market - labour force participation
What are the advantages of the Gender Inequality Index (GII)
- 5 different indicators
- can encourage countries to make positive changes
- accounts for quality of life factors like healthcare & education
What are the disadvantages of the Gender Inequality Index (GII)
- optimistic
- quite narrow workfield focuses
- a lot of countries around the world disregard this as a development measure because direct measures cannot be given against countries
Is the Human Development Index (HDI) a single or composite measure?
Composite
What does the Human Development Index (HDI) measure
- social and economic factors
- life expectancy at birth —> health
- average years of expected schooling—> education
- GNI per capita —> income
What are the advantages of the Human Development Index (HDI)
- looks at social & economic factors
- more representative
- can see what is successful vs what is limiting growth within a country —> can introduce policies
- allows countries to address the certain issues which are accounted for in each indicator
- easy to compare & make correlations
What are the disadvantages of the Human Development Index (HDI)
- doesn’t tell us about inequalities & gender disparity within all of the indicators
- relies on accurate data being available
Is the World Air Quality Index a single or composite measure
Single
What does the World Air Quality Index measure
- communicates to the public how polluted the air currently is or how polluted it is forecasted to become
- the greater the level of air pollution, the greater the AQI value of
What are the advantages of the World Air Quality Index
- shows the impacts of the global shift especially in South East Asia
- shows how successful attempts to improve air quality have been
- considered 6 categories which allow for direct comparison
What are the disadvantages of the World Air Quality Index
-a lot of missing data
Is the Environmental Peformance Index a single or composite measure
Composite
What does the Environmental Peformance Index measure
- ranks 180 countries on 24 performance indicators across 10 issue categories
- covering environmental health (rises with economic growth & prosperity)
- & ecosystem vitality (comes under strain from industrialisation & urbanisation)
What are the advantages of the Environmental Peformance Index
- wide range of issues considered
- 180 countries allows for direct comparisons on the specifics of factors
- helps explain the impact of globalisation
- shows countries access to resources
What are the disadvantages of the Environmental Peformance Index
relying on subjective judgements to weigh a few of the numerous variables
What is income inequality
Where income is unequally distributed across a population