The Changing Economic World Flashcards
What is development
The progress of a country in terms of economic growth, the use of
technology and human welfare
What are four factors affecting a country’s development
Social factors (eg: access to safe water and education)
Environmental factors (eg: natural hazards)
Economic factors (eg: trade and debt)
Political factors (eg: unstable government and war)
What is the development gap
Difference in standards of living and wellbeing between the
world’s richest and poorest countries
What are inequalities
Differences between poverty and wealth, as well as wellbeing and
access to jobs, housing and education etc
What are examples of development indicators
Access to safe water
Adult literacy
Birth rate
Death rate
GNI per capita
HDI
Infant mortality rate
Life expectancy rate
People per doctor
What are categories of grouping development
HICs
NEEs
LICs
Brandt line
What is GNI per capita
Gross National Income
The economic measure of the total value of goods or services produced by a country + the money earned from and paid to other countries. It is expressed as per head (per capita) of the population. The total earnings made is divided by the population number
How useful is GNI
Economic measures indicative of average wealth within
the country. Average can be distorted by extreme wealth
/ wealth inequality.
A lower value is indicative of a better healthcare system
What is HDI
Human Development Index
Aims to show how far people are benefiting from a country’s economic growth.
What three measures does HDI consist of
Life expectancy at birth
GNI per head
Number of education years
How useful is HDI
Uses social and economic measures to look at a range of measures
Values closer to 1.0 show high levels of development
What makes a good quality of life
Different things in different countries such as
Stability
Freedom
Security
Right to vote
Overall happiness
How do we measure quality of life
Economic and social measures use broad statistics to measure the quality of life.
They however do not give an accurate measure of the individual’s quality of life
What is the standard of living
Refers to the amount and quality of material goods and
services available to a given population.
What is people per doctor
The total population divided by the number of doctors in the
country.
How is people per doctor useful
Social measure – indicates how easily people are able to
access a doctor / healthcare.
A higher number of doctors per 1,000 population
indicates greater development.
What is adult literacy rate
The percentage of adults who can read and write
How is adult literacy rate useful
Social measure – indicates how good the education
system is / how many people access universal education.
A higher value indicates better access to education.
What is access to safe drinking water
The proportion of people using improved water sources: drinking,
household connection; public standpipe; borehole; protected dug
well; protected spring; rainwater
How is measuring access to safe drinking water useful
Social measure – indicates universality of public
sanitation and infrastructure
Higher value indicates greater development
What is death rate
Number of deaths per 1000 people per year
How useful is death rate
Social measure – provides a good indication of the level
of healthcare.
A lower value is indicative of a better healthcare system.
What is birth rate
The number of live births per 1000 people per year
How useful is birth rate
Social measure – number of children being born.
More developed countries tend to have lower values, as
people have fewer children.