✅economic world Flashcards
(122 cards)
3 parts of HDI (human development index)
GNI per capita
adult literacy rate
life expectancy
HDI
human development index
measured between 0 and 1 (1 being the better score)
correlation
relationship or connection between 1 or more things
physical factors of uneven development
poor climate —> if country too hot or cold then not much will grow —> less food —> malnutrition —> can’t go to work bcos ill —> less taxes
poor farming land —> poor soils —> can’t grow food —> malnourishment —> can’t go to work —> less money made —> less taxes for government
few raw materials —> countries without raw materials like coal/oil tend to make less money —> less money for development
lots of natural hazards —> countries like bangladesh that suffer from floods—> have to spend money rebuilding —> less money for development
historial reasons for uneven development
colonisation —> when countries were colonised (ruled by a foreign country) their raw materials were often removed and they sold expensive goods for themselves
conflict —> war can stop from developing —> many people die or injured and money is spent on them instead of development
economic reasons for uneven development
poor trade links —> if poor trade links then only trade with a few countries —> won’t make a lot—> less for development
lots of debt —> have to pay back lots of money (sometimes w interest) so less money for development
an economy based on primary products —> country’s that export primary products like raw materials (wood) do not make much profit —> less money for development
population structure
how many people there are of each age group in the population and how many there are of each sex
consequences of uneven development
more international migration —> people move to wealthier and more developed countries
political instability —> inequality can lead to wars
forces billions of people to live in poverty —> average wage is 80p a day —> people can’t work there way out of poverty
increases risk of illnesses —> e.g. cholera due to poor healthcare —> 4000 cases everyday and 24% have access to clean water—> can’t go to work or school —> no tax —> dharavi
economic migrant
person who moves to seek a better life such as a better paid job
how can aid close the development gap and negative
help given by 1 country to another as money or resources
for example, goat aid from oxfam —> produces high quality manure —> helps crops grow
negative
can become too dependant on aid and unable to develop themselves
how can investment help close the development gap
Large companies can locate part of their business in other countries. This helps a country to develop as the companies build factories, lay roads and install internet cables
how can fairtrade help reduce the development gap
making sure farmers in LICs get a fair price for the goods they produce e.g. coffee and bananas, allowing them to provide for their families
negatives:
in some cases, tiny proportions of the extra money reach the producers while the rest boosts retailers profits
how can debt relief close the development gap
country’s debt is cancelled or interest rates are lowered meaning country has more money to spend on development
example of tourism that reduces the development gap
kenya in africa
located next to the indian ocean
positives of tourism in kenya to reduce development gap
attracts tourists —> in 2014, kenya attracted 1.4 million people
tourism brings $5.3 billion to the economy
600,000 people employed in tourism industry
negatives about tourism in kenya
vehicles from tourists increase pollution —> may kill organisms —> less biodiversity —> reduce profit as you can’t sell plants and animals
what is the NEE you have studied and location
india
located in asia with countries like pakistan and china around it
surrounded by indian ocean
4 different employment sectors
primary
secondary
tertiary
quaternary
what is a TNC
a company that has operations in more than one country
case study of TNC
coca cola
facts about coca cola
sells 1.4 billion servings everyday
over 900 bottling plants around the world
positives of coca cola
creates jobs (25000 people employed by coca cola) —> more local income —> locals spend more —> government gains more tax —> invest in economic development of the country
negatives of coca cola (environmental, economic and social)
environment —> pollution from shipping of goods
economic —> profits taken out of the country and sent back to developed countries
social —> poor working conditions, water supplies have been contaminated which leads to cholera
why is india important
2nd largest population in the world and it’s still growing