The Changing Economic World Flashcards
What is Development?
When a country is improving. Progress in economic growth, use of technology and improving welfare that a country has made. When country develops, QOL improves (health, wealth, safety).
What is the Global Development gap?
Difference in development between +/- developed countries.
Level of development is different in different countries.
France is more developed than Ethiopia.
How does using ‘measures of development’ help measure development?
You can compare the development of different countries using ‘measures of development’
What is GNI?
Gross National Income. The total value of goods and services produced by a country in a year, including income from overseas. Given in US$.
Measure of wealth. As country develops, it gets higher.
What is GNI per head?
GNI ÷ population of a country. US$. Sometimes called GNI per capita.
A measure of wealth, as country develops it gets higher.
What is GDP?
Gross domestic product. Total value of goods and services a country produces in a year. US$. A measure of wealth, as country develops it gets higher.
What is birth rate?
Number of live babies born per thousand of the population per year. A measure of women’s rights, as a country develops it gets lower.
What is Death rate?
Number of deaths per thousand of the population per year. A measure of health, as country develops, it gets lower.
What is Infant mortality rate?
Number of babies who die under 1 year old per thousand babies born. A measure of health, as country develops it gets lower.
What is people per doctor?
Average number of people for each doctor. A measure of health, as country develops it gets lower.
What is literacy rate?
Percentage of adults who can read and write. A measure of education, as country develops it gets higher.
What is access to safe water?
Percentage of people who can get clean drinking water. A measure of health, as country develops it gets higher.
What is life expectancy?
The average age a person can expect to live to.
What is HDI?
Human development index. Number calculated using
1. Life expectancy
2. Education level (average number of years of schooling)
3. Income per head.
Every country has HDI value 0-1.
Why can individual indicators of development be misleading when they’re used on their own?
As a country develops, some aspects develop before others. The country might seem +developed than it actually is. Using more than one measurement or using HDI avoids these problems.