Section 6- Development and Resource Issues Flashcards
What is development?
The process of change which improves the wealth and quality of life of people
What is Economic development?
The result of increased employment and rising incomes
What is Social development?
When there is rising life expectancy and greater access to education. healthcare, clean water and housing for all people, particularly for women and minority groups
What is Political development?
Involves forming stable government and allowing greater freedom of speech
What is the Development Gap?
The widening difference in levels of development between the world’s richest and poorest countries
What is the Development Continuum?
A linear scale from ‘highly developed’ countries to those with a ‘low level’ of development
What is GNI ?
Gross National Income per capita - the average wage of a country’s poulation
How is economic development measured?
- GDP
- GNI
- employment structure - the type of work people do
- poverty - the percentage of the population that earn less than the minimum wage
What is GDP?
Gross Domestic Product - the total value of all goods and services produced within a country within a year
Give an example of a LIC and the properties of it
Malawi
- people live in remote rural areas and only few roads for transport
- plots of land is small, soils are infertile.
- families are large
- 90% of the population earns less than $2 a day
- education facilities are poor
- diseases are likely
How has global trade led to uneven patterns of development ?
- HICS export valuable manufactured goods and services such as cars.They import cheaper primary products such as sugar
- LICS export the primary goods to the HICS and import manufactured goods, because they earn little and remain in poverty, the country is forced to borrow money to pay for its imports and then the country goes into debt
Why are the causes if the price of primary goods fluctuates?
the prices are set by the HIC’s and produces in LIC’s lose out when price drops.
What are Exports ?
goods and services produced in one country and shipped to another
What are Imports?
goods and services brought into a country from another
What are Tariffs?
taxes imposed on imports
What are Quotas?
limits on the amount of goods imported
What are Subsidies?
ADD
What does free trade allow? and what does it cause?
allows countries to import and export goods without tariffs or other barriers.
- increased exports
- more job opportunities
- lower prices
What is a Trade Bloc?
ADD
What are 4 reasons why India has experienced rapid economic growth?
- investment into education has provided highly skilled workforce
- investments in MNC’s has created jobs
- world’s second largest population, these people have purchasing power so the Indian market is large
- Trade blocs
What is globalisation ?
ADD
What causes globalisation ?
- improved technology
- improvements in communications
- advances in transport - lower freight charges
- the removal of trade barriers
- growth of MNC’s
What attracts a MNC do start business in a country?
- government incentives
- availability of raw materials
- lower labour costs
- trade blocs
- reduced costs of land and building