Theme 2 Economic Development and the Environment Flashcards
What is economic development?
A process where a nation improves the economic, political and social well-being of its people.
What is economic growth?
When an economy has increased it’s ability to produce more.
What is an example of a high HDI country, Medium HDI country and Low HDI country?
USA: 0.920
Morroco: 0.676
Ethiopia: 0.470
What is the mean years and expected years of schooling in USA, Morroco and Ethiopia?
USA: 13.4 mean years, 16.3 expected
Morroco: 5.5 mean years, 13.1 expected
Ethiopia: 2.8 mean years, 8.7 expected
What is GDP?
The total value of goods and services produced by a country in one year.
What is an emerging economy?
A country that has begun to experience higher rates of economic growth, often due to rapid industrialization.
What is free trade?
A system of trade where buyers and sellers are not limited by taxes on imports and exports.
What are the advantages of free trade for economic development?
- Creates more job opportunities
- Countreis can specialize in making higher-quality products they are good at
- Consumers have a wider choice of worldwide products.
What are the disadvantages of free trade for economic development?
- Loss of jobs to other countries that produce goods more cheaply.
- Unfair working conditions
- Corrupt companies can make more money.
What is fair trade?
A way of buying and selling products that aims to pay the producer a fair price.
What are the advantages of fair trade for economic development?
- Safe working conditions
- Forced labour is forbidden
- A fair price is paid for output
- Premiums are paid to workers who join, which encourages community development.
What are the disadvantages of fair trade for economic development?
- concerns over working conditions remain
- Fewer people can afford to buy the products as they are more expensive
- Businesses might make less money
- Joining fee is required to become fairtrade certified.
What are migrants?
People who travel to a different country or place, often in order to find work or better living conditions.
What is economic migration?
This happens when people move to find work or follow a particular career path.
What is social migration?
This happens when people move for a better quality of life or to be closer to family or friends.
What is political migration?
This happens when people move to escape political persecution or war. These migrants are called refugees.
What is environmental migration?
This includes moving to escape natural disasters, such as flooding or earthquakes.
What are some examples of push factors for people leaving an area?
- lack of public services or lack of access to them
- lack of safety
- high crime
- drought
- unemployment
- war or risk of persecution
- natural disasters
What are some examples of pull factors that might attract people to an area?
- Better public services
- Safer environment
- Less crime
- Employment opportunities
- Opportunities to make them money
- Political Stability