CT1 Flashcards

1
Q

What is Development?

A

Development is a process of change whereby people’s lives will get better.
(The standard of living and the quality of life of its human inhabitants).

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2
Q

Indicators of Development
Fertility Rate

A

Average number of children that would be born per woman if all women lived to the end of their child bearing age.

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3
Q

Indicators of Development
Birth Rate

A

Number of babies born per 1000 people, per year.

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4
Q

Indicators of Development
Infant mortality

A

The number of deaths of infants under 1 year per 1000 live births.

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5
Q

Indicators of Development
GNI per capita
(Gross National Income)

A

The total income received by the country from its residents and businesses regardless of whether they are located in the country.

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6
Q

Indicators of Development
Life expectancy at birth

A

The average number of years to be lived by a group of people born in the same year.

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7
Q

Reasons for the development gap (6bp)
Institutions

A
  • Governments: democratic elections (clan based thinking)
  • Royal family: lots of money and power (tourism)
  • Education
  • Military (protects country)
  • No corruption
  • HICs have good institutions.
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8
Q

Reasons for the development gap
Culture

A

Religion
- Follow their god
- Only care about the next life
- More religious = poorer society.
(This is true for lots except for protestants (US & UK)

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9
Q

Reasons for the development gap
Geography (5bp)

A
  • Diseases: tsetse fly that gives fatigue to cows and people.
  • Natural resources: corruption.
  • Landlocked countries.
  • Low carbohydrate plants.
  • Closer to the equator means less nutritious soil.
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10
Q

HIC

A

High Income Countries

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11
Q

MIC

A

Middle Income Countries

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12
Q

LIC

A

Low Income Countries

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13
Q

NEE

A

Newly Emerging Economy

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14
Q

What are the three legs of the stool of development?

A

Social
Economic
Environmental

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15
Q

How much money do the most corrupt countries have in offshore accounts?

A

$10 - 20 billon

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16
Q

What is the Human Development Index (HDI)?

A

A composite score that gives each country a score between 1 and 0. The closer to 1, the more developed the country.

17
Q

What does HDI take into account?

A

Life expectancy
Education level
Income of people

18
Q

What is the development gap?

A

The development gap is the difference in the well being between the worlds richest and poorest countries.

19
Q

In the 21st century what countries are refered to as the 4 main emerging countries

A

The BRIC countries are:
* Brazil
* India
* Russia
* China

20
Q

What is GDP

A

Gross Domestic Product. The total value of goods and services produced in a country, per year.

21
Q

What where the top 4 countries in GDP in 2018?

A

America
China
Japan
Germany