The development gap (paper 2) Flashcards
define development
Postitive change that makes things better, usually means standard of life improves or quality of living
define GNI
gross national income - total value of everything produced by a country and the income the residants recieve
define GDP
Gross dependant product - looks at the production level of an economy, measuring its size and growth rate
define HIC
High income country
Give an example of a high income country
UK, Japan, USA
define LIC
low income country
give and example of a low income country
democratic republic of congo, ethiopia
define NEE
newly emergy economy - countries that have recently industrailised
Give and example of a NEE
brazil, russia, india, mexico
How do you remember the NEEs
BRICS MINT
What does BRICS MINT stand for
Brazil, Russia, India, China, South africa
Mexico, Indonesia, Nigeria, Turkey
define quality of life
A social measure of development, refering to how ‘happy’ a person is with their life
What are the social development indicators
- income
- life expectancy
- freedom of speech
- women’s rights
- litracy rates
define standard of living
An economic measure of deveopment, how much someone owns on average
how do you measure standard of living
GPD per capita
What does HDI stand for
human development index
What does the HDI do
uses three indecators to give each country a score between 0 and 1 and then ranks all countries based on their level of human development
What does HDI rank the countries off
their level of human deveoplent