L1 - overview

Question 1

Four facts about inequalities

Answer 1

1. there are large differences quality of life in the world
2. income is strongly linked
3. everyone used to be poor
4. it is getting better

Question 2

timeline economic growth

Answer 2

Western Europe because of new technology
Japan started imitating
East Asia because of big export
China and India when political situation shifted

Question 3

How is Africas situation in growth

Answer 3

slow growth or none since 1960
After decolonization economy was often nationalized
Many countries have started to grow the past two decades

Question 4

Latin Americas growth situation

Answer 4

big growth until 1980 when they started to borrow to much and had debt crisis
Great inequality in the country which creates political problems

Question 5

communist countries and growth

Answer 5

powerful way of creating growth but problem when income is getting better

• incentive problems
• information problems

Question 6

what is structural change?

Answer 6

economic transformation from agriculture to industry to service

social transformation in family structure, urbanization, living, opinions and values