paper 1 section b Flashcards
Brandt Line
A line that divides developed and developing countries on the world map.
Bottom-Up Project
A small scheme, organised by an NGO or charity, that aims to help the poorest families.
Capitalism
An economic and political system where trade and other sectors of the economy such as manufacturing are run by private companies for profit. They believe that the richer the country, the more developed it can be.
Colonialism
The act of getting control over another country, this involves occupying their land and results in exploitation of people and the
country’s resources.
Communism
system which believes that the population should be classless and equal financially. Goods and the means of production are owned communally (often by the state) instead of being owned by private companies so everyone has access to what they need.
Corruption
Governments that are dishonest or steal money to remain in power or for financial gain.
Economic Inequality
The difference in wealth between the richest 10% of a
country’s population and the poorest 10%.
Frank’s Dependency Model
Describes neo-colonialism and how a country can gain control over a neo-colony through exploitation and economic dependency.
GDP
The value of all produce and spending within a country. GPD stands for Gross Domestic Product.
GDP per capita
The value of all produce and spending within a country, divided by the population.
Governance
The management of a place or group of people.
Human Development Index (HDI)
A measure of several indicators including life expectancy, inequality and education.
Indicator
A way of measuring development, which focuses on the social, economic or environmental development.
Infant Mortality Rate
The fraction of children under 5 years old that die compared to the total number of births.
Informal Work
Self-employed or temporary work, which provides a small wage and limited health regulations.
