Devlopment Dilemmas Flashcards

1
Q

GDP per capita

A

the monetary value of all goods and services produced in an economy in a year and is divided by the number of people

it shows how wealthy a country is in comparison to its population but it doesn’t show how the wealth has been spread out

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2
Q

Human Development Index (HDI)

A

includes income, education and life expectancy and combines them into one number

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3
Q

Happy Planet Index (HPI)

A

this indicator measures how well resources use benefit people in a country without causing long term damage to the environment

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4
Q

what were the 5 stages of Rostow’s modernisation theory?

A

Stage 1 Traditional society - subsistence, barter, agric.
stage 2 Transitional stage - specialization, infrastructure
stage 3 Take off - Industrialisation
stage 4 Drive to maturity - investment, less reliance of imports
stage 5 High mass consumption - service sector becomes dominant

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5
Q

what is the dependency theory?

A

blames developed countries for developing countries lack of development

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6
Q

what are the reasons for the dependency theory?

A
  • rich countries interfere with poor countries politics e.g UK + US in Afghan and Iraq
  • third world debt; rich countries charge huge interest rates on loans to poor countries, poor countries have to use aid money to repay them
  • selling poor countries things they don’t need e.g. coca cola
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