Topic 2: Development Dynamics Flashcards
Economic development
Where a country develops its income and the amount of money each person has
Political development
Growth in countries that links to government power, building of democracies and law
Social development
Growth in countries that links to health, welfare, education and the power of women
GDP per capita
Wealth of the country per person. Stands for Gross Domestic Product
Purchasing power parity
How much you can buy for $1. For example, in Malawi $1 will buy you so much more in the U.K
Fertility rate
Average number of deaths per woman
Primary products
Out of the land, air and sea. Low value. For example, coffee, tea or sugar
Cash crop
A crop that is grown to sell abroad.
Traditional society
Subsistence farming in low income countries
Pre- conditions for take off
Where the country starts to trade but only in primary products and they still require over seas aid.
Take off
The country starts to manufacture more and is able to stand on its own feet. Rapid political and social growth
The drive to maturity
This is where the country has a more diverse industry and there is growth in GDP per capita.
High mass consumption
Expansion of the middle class with a wide range of goods and sustainable growth.
Periphery
Outer limits or an edge of an area.
Top down approach
Government makes the decisions and the effects trickle down
Bottom up approach
These are generally smaller scale projects that are run by a non governmental organisation
Foreign direct investment
Any money or investment that comes from oversea companies
Containerisation
When imports arrive in massive containers on container ships
Outsourcing
Where a company moves services overseas as labour is cheaper