What Is Development? Flashcards
Development
improving the economic and social conditions and quality of life in a country or area.
HIC
High Income Country
Wealthier countries are known as (HICs)
LIC
Low Income Country
poorer countries are described as (LICs)
NEE
Newly Emerging Economy
When a poor countries economy is improving it is called a (NEE)
What influences development?
Physical factors
Social factors
Historical/Political factors
Physical factors
Climate, natural resources, location, natural hazards.
Social factors
Discrimination, population.
Historical/Political factors
Trade, corrupt government, war.
Development Expectations
Development is about improving people’s lives. It’s not just about getting rich and owning more things.
Comparing Lives
Not everyone in the same country lives the same. There are poor people and rich people living in the same country.
Development (my definition)
Improving in all factors (social, economical, environmental)