Theme 5: Development and Resource Issues Flashcards
What are 2 ways to measure the economic development of a country?
The GDP - gross domestic product
The GNI - gross national income
How does trade differ between HICs and LICs?
HICs - sell expensive products (crude oil)
LICs - sell cheap products (coffee beans)
What are the 3 types of development?
Economic
Social
Political
What are tariffs?
Taxes on imports - make foreign goods more expensive for the consumer.
Why do LICs stay in poverty?
Earn little from the cheap products.
Must import expensive products.
What are trade blocs?
A group of countries who have joined together to trade without barriers such as tariffs.
Cheaper and increased exports.
(EU)
What is mass tourism?
Lots of people visit the same place at the same time.
What are 4 reasons why tourism has increased?
- Improved transport - airlines
- Booking is easier - internet
- Longer life expectancies - more travel time
- Increase in disposable income
What is enclave tourism?
Tourists remain in one area which is easier as everything is provided in one spot.
What are 2 problems of enclave tourism?
- Less money to local economy
2. Money spent in enclaved area goes to HIC companies
What are 2 pros of tourism?
- More jobs - more money spent on local economy
2. More money from workers - taxes go to education + healthcare
What are 3 cons of tourism?
- Jobs are seasonal - Lack of employment/money for several months
- Local culture destroyed
- Increased pollution
What is aid?
Money and resources being given by a wealthy country to a poorer country.
What is short-term aid?
Commonly emergency aid (in natural disasters).
What is long-term aid?
Given over long period of time (to develop the country).