Development dynamics Flashcards
(66 cards)
Biogas
A gas produced by the breakdown of organic matter, such as manure or sewage, in the absence of oxygen. It can be used as a biofuel
Bottom-up development
Experts work with communities to identify their needs, offer assistance and let people have more control over their lives, often run by non governmental organisations.
Cash crops
Crops sold for cash, directly from farmers to be exported and traded on global markets.
Caste-based society
The Hindu caste system defines someone’s status, a social custom found traditional rural villages in India m
Clark Fisher model
Theory produced by two economists Clark and Fisher that explains changes in employment structure as countries develop their economies.
Colonisation
When another country takes over a foreign land and applies a system of power
Commodities
Items of value that can be traded for money
Communism
A system of government,based on the theories of Karl Max, which believes in sharing wealth between all people
Core region
Areas within a country that are important economic hubs with high levels of employment and technological innovation
Cycle of poverty
A set of factors that cause continuous poverty unless intervention is made
Demographic data
All data linked to population e.g. birthrate death rate
Dependency ratio
The proportion of people below the age 0 to 14 and above over 65 normal working out the lower the number the greater the number of people work and are less dependent
Emerging countries
Country with high to medium human development and recent economic growth
Economic liberalisation
When a country economy is given the freedom of a ‘market economy’ consumers and companies decide what people buy based on demand
Emerging economies
Countries that have recently industrialised progressing towards an increased role in the world economy
Fertility rate
Average number of births per woman
Footloose
Term used to describe companies that are able to locate anywhere there is high quality communication links
Foreign direct investment (FDI)
Unrestricted flows of capital (money) from one country to another
Frank’s dependency theory
Theory developed by economist André Frank that describes development using two types of global regions: core and periphery
Global north
A group of wealthy countries found mainly in the northern hemisphere
Global south
A group of less wealthy countries found mainly in the Southern Hemisphere
Gross domestic product (GDP)
The total value of goods and services produced by country in one year
Globalisation
Increased connections between countries
High income countries(HICs)
Countries where employment is dominated by tertiary and quaternary sectors