The Changing Economic World Flashcards
GNI meaning?
Gross national income - total value of goods and services produced by a country including income from overseas
What is development?
Development is the progress in economic growth, use of technology and improving welfare that a country has made.
What is GDP?
Gross domestic product is the total value of goods and services a country orifices in a year
What is birth rate?
Number of babies born per thousand of the population per year
What is Death rate?
The number of deaths per thousand of the population each year
What is infant mortality rate?
The number of babies who die under 1 per thousand born
What is HDI?
human development index is a number that calculated using life expectancy, literacy rate, education level and income per head. Every country has a HDI between 0 and 1
What are the limitations of using an denomination measure of development?
It can hide variation between regions
It’s an average - could be couple really rich people to a couple thousand really poor and that could be considered a HIC
What is the demographic transition model?
Shows how changing birth rates and death rates effect population growth.
What are the characteristics of stage 1 on the DTM?
High birth rate - no contraception, poor medicine - many infants die
High death rate - poor medicine and healthcare, famine, low life expectancy
What are the characteristics of stage 2 on the DTM?
Economy based on agriculture - children need to work
Birth rates are high
Death rates are low due to improved healthcare and diet
What are the characteristics of stage 3 on the DTM?
Most NEEs are stage 3
Birth rate falls as women have a more equal part in society and use of contraception increase - less children need to work
Healthcare improves and life expectancy increases further
What are the characteristics of stage 4 and 5 on the DTM?
Low birth rates - people want possessions, careers, high QoL, les money for children
Healthcare is good - low death rates and high life expectancy
Outline the three categories of causes for uneven development.
Physical
Economical
Historical
Explain briefly how different physical aspects effect a countries development.
Poor climate - not much will grow, fewer things to sell and low income
Poor farming land - steep land or poor soil - won’t produce food
Few raw materials - fewer things to sell, less money to develop
Natural hazards - spend lots of money rebuilding
Explain briefly how different historical aspects effect a countries development.
Colonisation - colonised countries have lower development when they become independent than if they had never been colonised
Conflict - war and civil wars can slow or reduce development
Explain briefly how different economic aspects effect a countries development.
Poor trade links - less countries to trade with - less money
Debt - poor countries borrow money, income has to be used to pay it
Outline and explain the three main consequences of uneven development
Wealth - purple in more developed countries have higher income
Healthcare - people in HICs live lots longer
International migration - many people move to neighbouring developed for work and income
What is an example of migration as a consequence of uneven development?
Lots of international migration from poorer areas of Eastern Europe to the UK. Since 2004 nearly 2million Economic migrants have moved to the uk in search of work
Most migrants pay tax and work hard but the lack of jobs can cause unemployment for uk citizens
Outline the strategies used to reduce the development gap?
Investment
Industrial development
Tourism
Aid
Intermediate technology
Fair trade
Debt relief
How can investment reduce the development gap?
Improvements of harbours and ports
New industry developments
Allows employment and income and as economy grows the countries education increases and poverty decreases
How can industrial development reduce the development gap?
Brings employment and income
New opportunities to invest in housing, education and infrastructure
Which causes better education and healthcare
Which cause new opportunities for investment in shops and supply industries
This is the multiplier effect
How can tourism reduce the development gap?
Countries with a amazing landscape have become tourist destinations.
This has led to job opportunities and investment from abroad
What is the name of an example where tourism has helped close the development gap?
Jamaica
How has tourism decreased the development gap in Jamaica?
Economy - tourism contributes largely to GDP, income and taxes to the government allows for better development
Employment - tourism provides new jobs and a stable income and provides over 200,000 jobs
Infrastructure - lead to high levels of investment in hotels and infrastructure to attract more tourists but also increasing qol for locals
How has aid decreased the development gap?
Aid is when a country or NGO donates resources to help another country.
Only long term , freely given aid can help the development gap.
Enabled countries to invest in better infrastructure and development projects that increase QoL
What is intermediate technology?
Sustainable technology that is appropriate to the needs, skills and knowledge of locals
How can has intermediate technology reduced the development gap?
Intermediate technology takes the form of small scale projects often associated with health, water and agriculture
How can fair trade reduce the development gap?
Provides more money to ordinary farmers which reduces pay and QoL gap
How can debt relief reduce the development gap?
Help poor countries invest money by cancelling debts to invest their money into development.
What is the case study of a NEE going through economic development?
Nigeria
Where is Nigeria?
Nigeria is a country in west Africa
What is Nigerias importance globally?
2.7% of worlds oil
5th largest contributor to UN peacekeeping
Diverse economy including telecommunications, media and finance
What is Nigeria’s importance to Africa?
Has one of the fastest growing economies in Africa
Largest population and highest gdp
Could lead the way in africas development
Barack Obama - ‘critical to the rest of the continent’
What is some political context surrounding Nigeria?
Africa gained independence in 1960s
Series of dictatorships and a civil war
Lack of political stability effected development
Stable government since 1999
What is some social context surrounding Nigeria?
Multiethnic, mulitfaith
4x bigger than the uk
3x bigger population than uk
Life expectancy - 52
70% in poverty
What is some cultural context surrounding Nigeria?
Nigerian music is enjoyed across the continent
Third largest cinema industry - Nollywood
Well known literacy writers
What is some environmental context surroundings Nigeria?
Northern Nigeria is semi desert. Savannah is used for cotton and groundnuts
Southern Nigeria has high temperatures and high rainfall. Large forests and cocoa, palm oil and rubber is grown
What are nigerias sources of income?
Oil and agriculture
Does Nigeria have a balanced economy and why?
Employment in agriculture has fallen
Increased employment in oil production, manufacturing and construction
The growth of communications, retail and finance