Theme 6 - Development and Resource Issues Flashcards
What is development?
The process of change which improves the wealth and quality of life of people
What is economic development?
The result of increased employment and rising incomes
What is social development?
When there is a rise in life expectancy and greater access to education, healthcare, clean water and housing for all people, particularly for women and minority groups.
What is political development?
Forming a stable government and allowing greater freedom of speech
What is the development gap?
The widening difference in levels of development between the world’s richest and poorest countries
What is the development continuum?
A linear scale from highly developed countries to those with a low level of development
What is the world bank?
An international financial institution that provides loans to developing countries for capital programmes
What is GNI per capita?
Gross national income per capita is a measure of the economic output of a country, including income from foreign investments, divided by its population (per capita means per person)
What is GDP?
Gross national income is the total value of goods and services produced by a country
What are the limitations of the evidence of development?
They measure only wealth and do not include social factors
They do not recognise inequality within a country
They do not consider the cost of living within a country and hence the number of goods that can be bought with a given amount
How is economic development measured?
GDP
GNI
Employment structure
Poverty
How has global trade led to uneven patterns of development?
HICs generally export valuable manufactured goods and services such as electronics, cars and financial services. They import cheaper primary products like sugar, flowers, tea, and coffee.
LICs earn little and remain in poverty, the country is forced to borrow money to pay for its imports and the country goes into debt
What are the characteristics of a NIC?
Rapid economic growth based on exporting goods/services
Rapid industrialisation and urbanisation
Stable governments and strong political leaders
Large amounts of foreign direct investment from MNCs
An expanding domestic market
What is globalisation?
The process by which the world’s economies, societies, and cultures have become integrated through networks of communication transportation and trade
What factors lead to globalisation?
Improved technology Improvements in communication Advances in transport The removal of trade barriers The growth of MNCs