Stages of Development Flashcards
What are the four stages of development
1) Least developed countries (LDCs)
2) Developing countries
3) Newly industrialised countries (NIC’s)
4) Developed countries
What are the common characteristics of developing countries
1) Low level of productivity
2) Imperfect world markets
3) Colonial dominance and dependence
4) Overdependence on agriculture
5) High levels of unemployment
6) High levels of population growth
7) Low living standards
What are the factors influencing a country’s development
1) Social
2) Historical
3) Economic
4) Political
5) Physical
What are the physical factors
1) Natural Hazards
2) Landlocked countries
3) Natural resources
4) Climate
What is the human factor
Historical development
What is the political factor
Good governance
What are NIC’s
NIC’s are nations that have undergone rapid and successful industrialisation since the 1960s having been previously considered developing countries
What are the factors that result to the success of NIC’s
1) A good level of infastructure
2) Skilled but relatively low workforce
3) Cultural traditions that revere education and acheivement
4) Advantage in terms of geographical location