Paper 2 - Globalisation EQ3 Flashcards
What is development?
Development generally means the ways in which a country seeks to progress economically and to improve the quality of life for its inhabitants
What does a measure need to be valid and reliable?
Valid - broad agreement that it had relevance
Reliable - must use trustworthy data
What is the informal sector?
Unofficial forms of employment that are not easily made subject to government regulation or taxation
What is the Gini Coefficient?
A measure of the distribution of income across a population - higher Gini index indicates greater inequality as high income individuals receive a greater proportion of the population’s total income
What are the economic measures of globalisation?
-income per capita
-economic sector balance
What is income per capita, and what is GDP?
Income per capita is the mean average income of a group of people
GDP is a widely used aggregate measure and is the final value of the output of goods and services inside a nation’s borders
What is a country’s economic sector balance?
A country or region’s economy can be crudely divided into 4 economic sectors whose relative importance changes as a country develops
What are the social measures of globalisation?
-Human Development Index (HDI)
-Gender Inequality Index (GII)
What is the HDI?
The Human Development Index is a composite measure that ranks countries according to economic criteria and social criteria.
3 main indicators = life expectancy, income, education
What is the Gender Inequality Index?
A composite index devised by UNDP, measures gender inequalities related to 3 aspects of social and economic development
3 aspects = reproductive health, empowerment, labour force participation rate
What indicator is often used to display environmental quality?
Air pollution data (generally poor in developing and emerging economies)
What are the changing spatial patterns of global wealth?
-Average incomes have risen in all continents since 1950, but only very slowly in poorest parts of Africa
-Great gains made by European and NA nations results in widening of average income gap between world’s wealthy and poor countries
-Absolute poverty fallen worldwide
-Many countries have advanced from low-income to middle-income status since 70s
What are the major environmental issues linked with globalisation?
Climate change and biodiversity loss
40% of Earth’s terrestial surface transformed into productive agricultural land, leading to habitat loss and biodiversity decline
Negative impacts of large agribusiness operations - intensive cash-cropping, cattle ranching
Who are the social and economic winners and losers in Africa and why?
WINNERS - North Africa, where large income gains have been made in coastal hubs which are ‘growth engines’. Strong middle class growth is expected here
LOSERS - Sub-Saharan Africa due to geographical isolation and political extremism, poverty remains. This has led to falling life expectancy due to conflict and human rights abuses
What are the social, political and environmental tensions associated with the rapidity of change from globalisation?
-open borders, deregulation and encouragement of FDI has created culturally mixed societies/migrant diasporas. This results in social and political tensions.
-environmental damage due to exploitation of physical environment associated with globalisation
-tourism leading to clashes of culture