The changing economic world Flashcards
how can a countries development be measured?
>access to water >infant mortality rate >gross national income >human development index >birth and death rates >life expectancy
How does HDI reduce the chance of a misleading statement about development?
considers multiple aspects of development
How does having high national debt lead to uneven development?
> poor countries often borrow money to build infrastructure and develop their economies
have to pay higher interest on loans
How does having lower value add from primary production cause uneven development?
> less developed nations usually export the raw materials instead of creating products or services
could add more value
How can frequent natural hazards cause uneven development?
floods and earthquakes can destroy towns which have to be rebuilt costing money, rather than being developed
How can colonization cause uneven development?
the benefits of raw materials and cheap labour went to the colonizers instead of the countries being colonized
What does HDI consist of?
> income
life expectancy
education
How has tourism reduced the development gap in Tunisia?
> over 370,000 jobs created from tourism boosting incomes and flow of money in the economy
economic boost from tourism allowed government to spend more money on healthcare and education
improved literacy rates and life expectancy
development of coastal resorts has benefitted a range of local businesses including taxis, restaurants, shops and the construction industry.
what is the north-south divide?
the social, economic and cultural disparities between, London and the south-east of England and the rest of the UK
How does the Hs2 plan to reduce the north-south divide?
> Fast train link from London to Manchester and Leeds
>cuts the journey time from London to Birmingham from 90 minutes to 49 minutes
How can the business relocating help reduce the north-south divide?
> BBC had moved their Headquarters and may offices to Manchester
other business follow suite
creates a knock on effect like new offices open which leads to increased lunchtime sales at the local stores and more bus passenger