The Changing Economic World Flashcards
(187 cards)
What is development
A positive change that makes things better.
As a country develops, it usually means that their quality of life and standard of living will Improve
What is a HIC
Higher income country
Wealthy nations - more than $11,456 (gni per person)
What is NEE
Newly emerging economy - experiencing higher rates of economic development and a rapid growth of industry
What is LIC
Lower income country
Poor nation - less that $975 (GNI per person)
Examples of HICs
England, USA, Canada, Iceland, japan
Examples of NEEs
China, Brazil, India, Nigeria
Examples of LICs
Chad, Mali, Tanzania, most of Africa
What is GNI
Gross national income, total amount of goods + services produced by a county- expressed per head (per capita) of the population
Problems with using just GNI
It is an average - wealth will not be evenly spread across a country
Wealthy might be unevenly distributed
GNI is an economic measure, doesn’t consider social factors such as health care and education
What are the three components of HDI (human development index)
- GNI per capita
- adult literacy rate
- life expectancy
What does holistic mean
Covers all areas
What is life expectancy
The average age a person can expect to live to
What is adult literacy rate
The % of adults who can read or write
What is HDI
The number calculated using life expectancy, education level + income per head
HDI values between 0(least developed) and 1 (most)
What is access to safe water
The % of people who can get clean drinking water
What is people per doctor
The average number of people for each doctor
What is infant mortality
The number of lives babies born per 1000 of the population per yeR
What is death rates
The number of deaths per 1000 of the population per year
What are the limitations of only using one measure of development
- data could be hard to collect or out of date
- data might be unreliable as the government may be corrupt
- one measure can give a false picture of a country (its an average)
(Doesn’t consider both social and economic factors)
What does life expectancy increase with GDP
If the GDP is higher the county has more Money to spend on health care and therefore life expectancy will be higher.
People are less likely to die from disease amd there will be less people per doctor so Life expectancy increases
What are the 3 category’s of causes of uneven development
Physical
Historical
Economic
Examples of physical factors that cause uneven development
Poor climate
Poor farming land
Few raw materials
Lots of natural hazards
Examples of historical reasons for causes of uneven development
Colonisation
Conflict
Examples of economic reasons of causes of uneven development
Poor trade links
Lots of debt
An economy based on primary products