HDI etc. Flashcards
Aid can improve services such as :
schools, hospitals and roads
Too much reliance on aid might :
stop other trade links becoming established.
Countries that export more than they import have a :
trade surplus.
having a trade surplus can improve the:
national economy.
Trading goods and services is more profitable than:
raw materials.
Education creates a :
skilled workforce
a skilled workforce means:
more goods and services are produced.
Educated people earn more money, meaning they also pay more taxes.This money can :
help develop the country in the future.
Lack of clean water and poor healthcare means:
a large number of people suffer from diseases.
Corruption in local and national governments can :
effect the country’s ability to trade.
corruption in local and national governments can :
decrease the Ability of the country to invest into services and infrastructure.
Economic development indictors examples
Employment type, Gross Domestic Product per capita, Gross National Income per capita
Gross National Income per capita
An average of gross national income per person, per year in US dollars.
Gross Domestic Product per capita
This is the total value of goods and services produced in a country per person, per year
Employment type
The proportion of the population working in primary, secondary, tertiary and quaternary industries.
