Indicators Of Success Flashcards
What is the global development gap?
It is the difference between the most advanced countries and the least advanced countries
What is the HDI?
It is a system called the Human Development Index, which gives a system which gives a score between 0 and 1. The higher the given number, the better and more developed the country. This system is advanced because it scores multiple indicators.
What does GNI stand for?
Gross National Income
What is the GNI?
It is the sum of incomes of residents of an economy in a given period
What is the most common way that countries can be classified by their level of development?
- developed countries
- emerging counties
- developing countries
Features of a developing country
- GNI below $3,955/yr
- underdeveloped industry
- low standard of living
- high population growth
- poor quality of life
- reliance on agriculture and exports of raw materials
Features of an emerging country
-GNI between $3,955 and $12,367/yr
- rapidly industrialising
- moderate standard of living
- low population growth
- rapidly improving quality of life
- manufacturing
Features of a developed country
- GNI above $12,376/yr
- Highly developed industry
- Excellent standard of living
- declining population growth
- good quality of life
- services and high-tech industry
What does HIC stand for?
High Income Country (developed)
What does LIC stand for
Low Income Country (Developing)
What does NIC stand for?
Newly Industrial Country (emerging)
What does BRIC stand for?
Brazil, Russia, India and China
What are some key factors for countries being more developed than others?
- Environmental
- Debt
- Historical
- Dependance on primary activities
Observations of the Clark Fisher Model
Primary: started off at highest at just above 70% but decreased over the years and became less than 10%
Secondary: started quite low at 20% during the pre-industrial time. It slightly increased to 40% but then dropped again to 30%
Tertiary: started at the lowest but now is highest. Eventually, it reached around 50%
