S6(4) Topic 02 - Development and Globalisation Flashcards
Development
the process in which someone or something grows or changes and becomes more advanced
Economic growth
increase in the size of a country’s economy over a period of time (GDP)
Social progress
the capacity of a society to meet the basic human needs of its citizens, establish the building blocks that allow citizens and communities to enhance and sustain the quality of their lives, and create the conditions for all individuals to reach their full potential.
Quality of life
an individual’s perception of their position in life in the context of the culture and value systems in which they live and in relation to their goals, expectations, standards and concerns”.
Sustainability
ability to maintain or support a process over time.
Poverty
The state of being extremely poor, the state of being inferior in quality or insufficient in amount
North-south divide
The difference in wealth between the rich countries of the world in the North and the poor countries in the South.
Developing countries
A poor agricultural country that is seeking to become more advanced economically and socially
LEDC
Less economically developed country
MEDC
More Economically Developed Country
LLEDC/LDC
Least Less Econmically Developed Country/Least Developed Countries
NIC
Newly Industrialized Countries
RIC
Recently Industrialied Countries
OPEC
Organization of the Petroleum Exporting Countries
Fourth world
The most underdeveloped populations in a country that lives on their own (indigenous peoples)
Quantitative
When there is much of a certain thing (aimed for more of a good)
Qualitative
When a certain thing has good qualities (aimend for good quality)
Life expectancy
How long people are expected to live
Average years of school
average length of school in a country
Literacy rate
How many people can read an write
GNP
Gross National Product is the total economic output by a country`s residents
HDI
Human Development Index is an index that shows three things of development (health, education and standard of living)
Gross National Happiness
GNH is different to HDI. Both are an Index (a combination of indicators that try to represent a country in a number of perspectives.
Describe
exam command word which asks you to say how something appears using data.
explain
exam command word that which asks you to explain why and how
Evaluate
exam command word which asks you to way up pros and cons and give a conclusion
GDP
Gross domestic product is in borders, measures national income, output, and national coast. GDP also includes income of international. High GDP = economic growth, Low GDP = economic decline
GNP
Gross national product out of borders. measures total value of all goods and services produced by a country. Excludes income of multinatinals when profit sent to another country.
GNI
GRoss national income, measures the total income earned by a countrys residents, including both domestic production and income earned above.
PPP
Purchasing Power Party,used to compare the relative value of currencies by eliminating the difference n price levels between countries
Big Mac index
Compares the currencies with comparing how much a Bic Mac costs in different countries, is based on the PPP method
Factors affecting development
There are different factors for example: Economical, Cultural, Social, Political, Environmental, International factors
Domestic
refers to factors, activities, or conditions that originate within a particular country
National
The people of a country, with reference to GNP, refers to the total value of goods and services produced by the nationals of a country.
Model
A perfect example of an action explained or demonstrated to understand e.g. Rostow Model
Triggers for development
Trade policies, technological changes, government, international aid, resource discovery
Dependency theory
Poorer contries remain underdeveloped -> economically dependence exploitation
Modernisation theory
Progress from traditional to modern in stages (technology, values)
Rostow Model
A model which shows the level of development over time in 5 steps (traditional society, preconditions for take off, Take off, Drive to maturity, Age of high mass consumption
Causes of under development
Physical and human factors E.g. disease, geographical location, exploitation, war/conflict, climate…”
Neocolonialism
the use of economic, political, cultural, or other pressures to control or influence other countries, especially former dependencies.
SDG
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity.
SDG progress
Yet, only 15% of the SDG targets are on track to be achieved, 49% show minimal or moderate progress, and 36% of the targets show signs of stagnation or regression.
Problems with economic data
Economic data cannot always reflect the overall development situation of a country, it just shows one snap shot.
HDI
Human Development Index: Gives a country a value between o (bad, low) and 1 (good, high). It focusses on long and healthy life, knowledge and decent standards of living
Criticisms of HDI
Like any league table (football) there has to be someone at the top and someone at the bottom (no matter how good they are)
Indicator
A tool that looks at one single factor to evaluate change over time or compare it to others
Index
An Index is a measurement made out of different indicators.
LHDI
Low Human Development Index (less than 0.55)
GNI per capita
Gross national Income, it`s the sum of value by resident producers and receipts of primary income
Health
The position of being free of Injuries or any illness issues
Health and economic impacts (flow chart)
Investing in health improves the health status, which leads to enhanced labour productivity, improved international attainment, increased savings and investment and a lower dependency ratio, which atuomatically leads to improved economic growth. Investing in health CAN improve Health and development in a country!
Investment
The money which flows into different products or projects in order to achieve better and faster production and gaining profits
Demographic dividend
If the health of a nation improves, then so does life expectancy and infant mortality - therefore people do not need to have such large families. This is the demographic divident.
Disparity
The unequal distribution of resources or outcomes of production in specific areas.
Inequality
People which do experience different kinds of standards of living