THE devwlopment Gap Flashcards
What are the different ways of measuring development?
GNP
Birth rate
HDI
Infant mortality
GNI
HDI?
Human development index
How is HDI calculated?
An index based on life expectancy at birth, level of education and income adjusted for purchasing power
GNI?
Gross national income
GNP?
Gross national product
Measure of wealth but does not take account of some business taxes
Conservation swaps?
A way for poorer countries to make money and get themselves out of debt
Paid for by environmental conservation
1984 WWF
Many countries followed
Example of how politics can affect development?
Zimbabwe
Invisible trade?
Work force
Services
Financial industry
Visible trade?
Goods that you will buy and sell
Balance of trade?
The difference between exports and imports
Trade surplus?
You are selling more than you need to buy
You make more money
What is trade deficit?
You are spending more money than you are making
You lose money
List the G8 countries
UK
France Germany USA Italy Russia Japan Canada
Why does most trade take place between wealthier countries?
The price of manufactured goods is steadier
MEDCs can afford tariffs
Good infrastructure to move raw materials and finished goods
Manufactured goods are more expensive to buy - only other wealthier countries can afford them
Trading blocks
What are tariffs?
Government taxes on imported or exported goods