Changing economic world Flashcards
(63 cards)
What is economic development?
The progress in economic growth through levels of industrialisation and use of technology
What is social development?
An improvement in people’s standard of living, e.g. clean water and electricity
What is environmental development?
Advances in the management and protection of the environment
What are 3 examples of economic development indicators?
-Employment type
-Gross Domestic Product per capita (GDP per capita)
-Gross National Income per capita (GNI per capita)
What are 3 examples of social development indicators?
-Infant mortality rate
-Literacy rate
-Life expectancy
What is an example of a mixed indicator?
The Human Development Index (HDI)
Define employment type
The proportion of the population working in primary, secondary, tertiary and quaternary industries
Define Gross Domestic Product (GDP) per capita
This is the total value of goods and services produced in a country per person, per year
Define Gross National Income (GNI) per capita
An average gross national income per person, per year in US dollars
Define infant mortality rate
The number of children who die before reaching 1 per 1000 babies born
Define literacy rate
The percentage of population over the age of 15 who can read and write
Define life expectancy
The average lifespan of someone born in that country
What is the Human Development Index (HDI)
A number that uses life expectancy, education level and income per person, ranked on a scale of 0-1 (1 best, 0 worst)
What are 4 physical factors affecting uneven development?
-Natural resources
-Natural hazards
-Climate
-Location/terrain
What are 6 human factors affecting uneven development?
-Aid
-Trade
-Education
-Health
-Politics
-History
What are examples of natural resources?
-Fuel sources such as oil
-Minerals and metals for fuel
-Availability for timber
-Access to safe water
How do natural hazards affect uneven development?
-Risk of tectonic hazards
-Benefits from volcanic material and floodwater
-Frequent hazards undermines development
How does climate affect uneven development?
-Reliability of rainfall to benefit farming
-Extreme climates limit industry and affects health
-Climate can attract tourists
How does location/terrain affect uneven development?
-Landlocked countries may find trade difficulties
-Mountainous terrain makes farming difficult
-Scenery attracts tourists
How does aid affect uneven development?
-Aid can help some countries develop key projects for infrastructure faster
-Aid can improve services, such as schools, hospitals and roads
-Too much reliance on aid might stop other trade links becoming established
How does trade affect uneven development?
-Countries that export more than they import have a trade surplus. This can improve the national economy
-Having good trade relationships
-Trading goods and services is more profitable than raw materials
How does education affect uneven development?
-Education creates a skilled workforce meaning more goods and services are produced
-Educated people earn more money, meaning they also pay more taxes. This money can help develop the country in the future
How does health affect uneven development?
-Lack of clean water and poor healthcare means a large number of people suffer from diseases
-People who are ill cannot work so there is little contribution to the economy
-More money on healthcare means less money spent on development
How does politics affect uneven development?
-Corruption in local and national governments
-The stability of the government can affect the country’s ability to trade
-Ability of the country to invest into services and infrastructure