DEVELOPMENT (THEME 4)

Question 1

What is development?

Answer 1

It is a broader term where it measure the relative living standards and quality of life in a nation. Fundamentally is how people develop over time.

Question 2

What are the three things HDI measures?

Answer 2

-Education
-Health
-Living standards (real GNI per capita (PPP))

Question 3

Definition of HDI?

Answer 3

Measure relative life longevity, basic education, and minimal income of a nation.

Question 4

What are pro and cons of HDI

Answer 4

Pro
- Relatively easy to calculate and standardise across nations
-Takes into account per capita income by using PPP (GNI per capita)
-Takes into account well being and health of a nation

Cons
-Doesnt take into account distribution of income
-Doesnt involve political freedoms and security of a nation
-Doesnt measure pollution and the sustainability of an economy.

Question 5

Other measures of development?

Answer 5

Better life index
happy planet index
multidimensional poverty index

Question 6

Characteristics of low developing countries?

Answer 6

Low standard of living
Low levels of productivity
Low levels of savings
High population growth
Primary sector dependence
High unemployement
Low competitiveness internationally