Changing Economic World - Geography Flashcards
(57 cards)
What do we mean by LIC and give 3 characteristics?
LIC stands for Low-Income Country. Characteristics include:
* Low gross national income (GNI) per capita
* High poverty rates
* Limited access to education and healthcare
LICs often struggle with infrastructure and economic stability.
What do we mean by HIC and give three characteristics?
HIC stands for High-Income Country. Characteristics include:
* High gross national income (GNI) per capita
* Advanced technological infrastructure
* High standards of living
HICs usually have strong economies and low poverty rates.
What do we mean by NEE and give 3 characteristics?
NEE stands for Newly Emerging Economy. Characteristics include:
* Rapid economic growth
* Increasing industrialization
* Improving infrastructure and education
NEEs are transitioning towards developed status.
Define GNI per capita
GNI per capita is the gross national income divided by the population, indicating the average income per person in a country.
Define birth rate
Birth rate is the number of live births per 1,000 people in a population per year.
Define death rate
Death rate is the number of deaths per 1,000 people in a population per year.
Define infant mortality
Infant mortality is the number of deaths of infants under one year old per 1,000 live births.
Define life expectancy
Life expectancy is the average number of years a person can expect to live based on current mortality rates.
Define literacy rate
Literacy rate is the percentage of people who can read and write in a specific age group.
Define Human Development Index (and give the 3 measures it uses)
Human Development Index (HDI) is a composite statistic of life expectancy, education level, and per capita income. The three measures are:
* Life expectancy at birth
* Education (mean years of schooling and expected years of schooling)
* Gross national income per capita
HDI provides a broader understanding of development beyond just economic indicators.
Why is Human Development Index the best measure of development?
HDI is considered the best measure of development because it encompasses multiple dimensions of human well-being, including health, education, and income.
What is the Demographic Transition Model (draw it)
The Demographic Transition Model describes the transition from high birth and death rates to low birth and death rates as a country develops.
Why do birth rates drop as a country moves through the DTM?
Birth rates drop due to increased access to education, family planning, and economic changes.
Why do death rates drop as a country moves through the DTM?
Death rates drop due to improvements in healthcare, sanitation, and nutrition.
Why is it better for the economy to be in stage 3 / 4 of the DTM?
Being in stage 3 or 4 indicates a stable population with low birth and death rates, leading to a more productive workforce and economic growth.
Why is it bad for the economy to be in stage 1 of the DTM?
In stage 1, high birth and death rates can lead to population instability and hinder economic development.
Why is it bad for the economy to be in stage 5 of the DTM?
Stage 5 can lead to population decline, labor shortages, and economic stagnation.
Give 2 physical causes of uneven development
Physical causes of uneven development include:
* Natural resource distribution
* Geographic barriers (e.g., mountains, oceans)
These factors can limit access to markets and opportunities.
Give 2 historical causes of uneven development
Historical causes of uneven development include:
* Colonialism
* Historical conflicts and wars
These events can disrupt economic growth and infrastructure development.
Give 2 economic causes of uneven development
Economic causes of uneven development include:
* Trade imbalances
* Lack of investment in certain regions
These factors can result in disparities in wealth and opportunities.
How does uneven development cause migration to occur?
Uneven development leads to migration as people move from areas of low opportunity to those with better economic prospects.
How does uneven development cause poor health?
Uneven development can lead to inadequate healthcare services, resulting in poorer health outcomes in underdeveloped areas.
How can investment reduce the development gap? (e.g. TNCs)
Investment from transnational corporations (TNCs) can create jobs, improve infrastructure, and stimulate local economies.
How can industrial development reduce the development gap? (e.g. China)
Industrial development can lead to job creation, increased productivity, and higher income levels.