Globalisation EQ3 Flashcards
(132 cards)
What are single indicators of development
Measure one variable ( life expectancy, GDP per capita)
Easy to use and understand but may not give an accurate representation of development
What are composite indicators of development
Combine more than one variable into a single measure (HDI, GII)
Name 2 (spec) economic development indicators
GDP per capita
Economic sector balance
Name 2 (spec) social development indicators
HDI
GII
Name 2 environmental development indicators
Environmental performance index (EPI)
Air pollution
What is GDP per capita
Gross domestic product per person
Total value of income divided by population size
What is economic sector balance
Divide a countries economy into 4 sectors. (Primary, secondary, tertiary, quaternary). Clark Fischer model plots how the sectors balance changes.
What are the pros of GDP per capita to measure economic development
Pros
-uses an average
-factors in cost of living
-simple to understand
-easy to compare
What are the cons of GDP per capita to measure economic development
Cons
-ignores income inequality
-doesn’t account for informal work
-does account for social or environmental factors
-currency/cost of living differences
What are the pros of economic sector balance as a measure of development
Pros
-Uses multiple factors
-development stage insight
-job market analysis
What are the cons of economic sector balance as a measure of development
Cons
-neglects informal economy
-oversimplification of economies
-ignores social/economic factors
-not relative to country context
What is HDI
The human development index is the combination of life expectancy, income, education. Combined economic development (GNI) and social development
What are the pros of HDI as a way of measuring development
Pros
-multidimensional combination of factors
-a few rich people can’t distort result
-countries are ranked so easy to compare
-focus of wellbeing
What are the cons of HDI as a way of measuring development
Cons
-excluding environmental factors
-data limitations
-only focus on 3 factors
What is GII
Combines the reproductive health of women and their participation in the workforce and empowerment. Reproductive health is measured by maternal mortality ratio and adolescent fertility rate. Empowerment by representation in parliament and participation by % in labour force
What are the pros of GII as a measure of development
Pros
-Shows both economic and social progress
-gender equality indicates more development
-multidimensional approach
-focus on gender disparities
What are the cons of GII as a measure of development
Cons
-doesn’t account for cultural norms
-doesn’t account for non binary or transgender
-can’t compare very well
-excludes informal work
-data limitations
what is the Environmental Performance Index
Measures the amount of pollution found both outdoors in indoors. The lower the number the worse the air quality
what are the pros of Environmental performance index (EPI) as a measure of development
pros
- easy to compare
-takes into account indoor and outdoor
-multidimensional approach
-links to broader development goals
what are the cons of Environmental performance index (EPI) as a measure if development
cons
-excludes broader context (soc/ec)
-neglects cultural and regional differences
what is the Air pollution indicator
measures the amount of air pollution in an area. the higher the number the worse the air pollution
what are the pros of Air pollution as a measure of development
pros
-shows transition from industrial to post industrial
-easy to compare
-direct health impact
what are the cons of Air pollution as a measure of development
cons
-data limitations (both quality and quantity)
-limited link to development
what is the income per capita in the UK
$43,734