The changing economic world Flashcards
define development
the progress of a country as it becomes more economically and technologically advanced
what are the BRIC and MINT nations
fast developing countries
brazil
russia
india
china
mexico
indonesia
nigeria
turkey
how can development be slowed or even reversed
- war/conflict
- disease
- disasters
- economic recession
how can development be boosted
- investment in agriculture (improve food, then health)
- improvements in power supplies and education
what are the three categories for development
- LICs
- NEEs
- HICs
what is the developmental gap
the differences between less and more development
why do we use many indicators for development
because one indicator alone can be misleading as some features develop quicker than others which can indicate a country is more developed than it actually is
what are the MEASURES of development
- gross national income per head
- birth and death rates
- infant mortality
- life expectancy
- people per doctor
- literacy rates
- access to safe water
- human development index
what is GDP and what does it stand for
gross domestic product
the total value of a country’s output of goods and services produced in a given year
what is GNI and what does it stand for
gross national income
a measure of the total income received by a country from its residents and businesses (both in the country and overseas)
what is HDI and what does it stand for
human development index
uses life expectancy, literacy rates, education level and GNI to calculate a score between 0 and 1 (1being most developed)
what is literacy rate
the percentage of adults who can read and write
what is birth rate
the number of live births per 1000 if the population in a year
what is infant mortality rate
the number of children who do not survive to their first birthday per 1000
what is death rate
the number of deaths per 100 of the population per year
how would you describe access to safe water as a measure of development
percentage of people who have access to safe water