Flashcards in Development Dynamics Deck (83)
Name an economic development indicator
- GDP or PPP
- Poverty line
- Clarke Fisher model
Name a social development indicator
- Gender inequality index
- Literacy rates
What is PPP?
Purchasing power parity measures what $1 can buy you in certain countries. For example, you can buy more for $1 in Malawi than in the UK.
What is GDP?
Gross domestic product (per capita) measures economic development.
What is GNI?
Gross national income (per capita) measures national wealth and includes the debt a country is in
What is the HDI?
The human development index is a number between 0 and 1 which is affected by four factors:
- Life Expectancy
- Education (Literacy)
- Education (Average length of schooling)
- GDP per capita (Using purchasing power parity)
What is the Gini Coefficient?
A measurement of the extent of inequality and income distribution. This is between 1 and 0 where 0 would mean that everybody earns the same amount of money and 1 would mean that a single person had all of the income.
What is the Corruption Perceptions Index?
Devised to help investors know where their money is safe, it’s a rank between 0 (very corrupt) to 10 (honest).
What is birth rate?
Number of live births per 1000 people per year.
What is death rate?
Number of deaths per 1000 people per year.
What is dependency ratio?
The ratio of dependent people in the country to the number of workers. The higher the ratio, the more dependent people.
(Total number of people aged younger than 14 and older than 65 divided by the number of 15-64 year olds, multiplied by 100.)
What is fertility rate?
Average number of births per woman.
What is infant mortality?
Number of children per 1000 live births who die before their first birthday.
What is life expectancy?
The average number of years a person can expect to live.
What is maternal mortality rate?
Number of mothers per 100,000 people who die in children.
What is an NIC?
Newly industrialising country
What is the Brandt line?
The 1980 line which divides the rich and poor countries geographically. Except Australia and New Zealand primarily, the richest countries are in the Northern Hemisphere.
What is an RIC?
Recently industrialised country
Name the Asian Tigers (NICs)
Hong Kong, Singapore, South Korea and Taiwan
1960s - 1990s
What is a HIC?
High income country
What is an LIC?
Low income country
Who are the BRICS?
Brazil, Russia, India and China (2001)
South Africa was added later
Name the Tiger Cub economies
Indonesia, Malaysia, Philippines and Thailand
1990s - present
Name the MINT economies
Mexico, Indonesia, Nigeria, Turkey
2014 - present
Name one economic consequence of poverty
1/5 people live on lest than $1 a day
What are the reasons for global inequality?
Physical- access to sea for trade
Historical- a history of colonialism means development occurred later. Neo- colonialism happens today with cash crops
Political- open economies develop faster as they encourage foreign investment
Social- access to education and healthcare
Name one environmental consequence of poverty
Poor farming leads to environmental degradation
Name one political consequence of poverty
Many developing countries have non- democratic governments making it difficult for minority’s groups
Main reasons that Malawi is so underdeveloped?
- Rural Isolation
- Changing Climate
- Increased Pollution