development Flashcards
what is the development gap
The Development gap is the gap between LIC and MIC and HIC in development
WHY IS IT NO LONGER APPROPRIATE TO TALK IN TERMS OF THE DEVELOPMENT GAP
tells us nothing about
the way in which wealth is distributed within a country ( in some countries the gap between the rich and the poor is much greater than others)
How governments invest the money it has at its disposal; for example Cuba has a low GNP per capita but high standards of health and education because these have been government priorities for a long time.
the development gap doesn’t show
wealth disparity and inequality
LIC example
bangladesh
DEVELOPING country
mexico
newly industrialised country
India
developed countries
canada, switzerland
WHAT IS MEANT BY A LEAST DEVELOPED COUNTRY
countries which have high inequality, low levels of income and severe limitations to sustainable development
WHAT ARE THE GENERAL PROBLEMS FACING LEAST DEVELOPED COUNTRIES (6)
- low GNI per capita
- underemployment
- overcrowding
- poverty is high
- high inequality
- bad quality of life
DEFINE WHAT IS MEANT BY A NEWLY INDUSTRIALISED COUNTRY (NIC)
A developing country that has shown bigger economic growth than other developing ones
WHAT FACTORS HAVE LED TO THE EMERGENCE OF THE NICs (3)
Industralization
increase in GDP
increase in trade and export
physical factors affecting inequality and low development in a country
geographical and physical environment as Countries that are further inland have generally developed more slowly as it affects their ability to trade ( far from ocean)
size of country The size can affect amount of natural resources and generally small countries develop more slowly
climate. polar and tropical countries have developed more slowly than those countries with a more equable, temperate climate. This is because they produce more infertile soils and can limit the range of species and animals that can be found
economic factors affecting inequality and low development in a country
economic policies, Economic policies bring economic growth. LICs often find it hard to market their products to rich large markets because of regulation laws.
unemployment. More people running around the street will mean crime and theft rates rise, as well as probably more homelessness and poverty, resulting in less development ( people who are unemployed usually have less access to basic needs)
political factors affecting affecting inequality and low development in a country
stable governments - A stable government ensures rapid and sustained economic growth. Countries with stable governments are usually more developed
population policies - Governments can encourage or discourage population growth which can provide economic benefits like a productive and large workforce but some economies can’t keep up with their population growth and have high levels of unemployment and poverty.
social factors affecting the inequality or low development of a country
age- An aged population will have less productive and smaller workforce, meaning the countries economy will also probably be low as they have more needs and less ability
Gender- Some people might stereotype and misallocate talent and skills which will reduce the efficiency of workforce and economy
WHAT IS THE MEANT BY THE TERM ECONOMIC ACTIVITIES
Anyone who works is doing an economic activity. For example, farming, mining, working in an office are all economic activities because they aid in some way to the economy
WHAT IS MEANT BY THE TERM THE STRUCTURE OF THE ECONOMY
The way in which an economy is split up into different sectors of economic activity. There are 4 main structures that make up the employment of a country or region
4 main structures that make up the employment of a country or region
primary sector
secondary sector
tertiary sector
quaternary sector
primary sector
Industries that extract raw materials like mining, farming, fishing. These primary products may be sold directly to customers or moved on to secondary industries to be processed. Exploit raw materials from land, water and air.
secondary sector
Industries that process and manufacture the raw materials and products of the primary industry. manufactures primary material into finished products. (making clothing, electric cars, food) anything that is made or processed. Converting raw materials into a more useful product.
tertiary sector
industries that provide a service or skill such as education, health care, retailing, office work, transport and entertainment. ( provide services to people) ( doesn’t make anything tangible)
quaternary sector
industries that provide information and expertise. They use technology to provide information. ( research and development are part of this sector)
examples of jobs of primary sector
mining
farming
fishing
examples of jobs of secondary sector
Production of processed food
Production of furniture
Production of motor vehicles