The global development gap Flashcards
What is the definition of development?
progress a country has made in terms of economic growth and human welfare
How can development be effected?
- environmental factors
- economic factors
-social factors - Politocal facyors
What is the definition of the development gap?
difference in standards of living between rich and poor countries
What does GNI stand for
Gross national income
What does the GNI of a country measure?
-Economic development
-Value of goods produced by country, money earned from other countries
What is considers as the GNI of a HIC
GNI per capita above $12535
What is considered as the GNI of a LIC
GNI per capita below $1036
What does HDI stand for
Human development index
What does the HDI of a country measure?
- Social development
-Shows how far people are benefiting from countries economic growth
What are the measures that produce HDI
-Life expectancy
-GNI per head
-Number of years in education
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What is the mesure that HDI is expressed in?
0-1
What are some limitations of economic and social measures?
-Out of date data or hard to find
-Data may be unreliable
-Government corruptness
-Not considering informal economy
- Average of a country
What does DTM stand for?
Demographic transition model
What does DTM show?
Shows the change over time in the population of a country
Describe stage 1 of the DTM
high birth dates
high death rates