Lesson 3

Question 1

Factors Influencing Economic Development

Answer 1

Social, Historical, Economic, Environment, Political, and Technological (SHEEPT)

Question 2

Social

Answer 2

-As countries develop, birth rates tend to fall ➡ transition boosts economic growth
-Infant mortality rate is high in LICs so women have lots of children in hope that at least one survives. When more than one survives more money spent, limiting development

Question 3

Historical

Answer 3

-Time and legacy of past economic, social, and political events
-During colonial era, European powers (UK and France) exploited other countries for their resources therefore as they developed, other countries suffered

Question 4

Economic

Answer 4

-Results in higher levels of education, employment opportunities, and income levels
-open economy= one country trades with other countries
-closed economy= one country trades only within their boarders

Question 5

Enviromental

Answer 5

-Landlocked= a country that does not boarder seas/ocean
-Natural disasters/ tropical climate/ small islands hinder development

Question 6

Political

Answer 6

Quality of government and political stability promote positive development

Question 7

Technology

Answer 7

-Contributes to GDP growth, increases efficiency and improves communication and collaboration
- Technologically advanced countries develop very quickly and less advanced countries lag behind

Question 8

3 revolutions

Answer 8

-Industrial
-Green
-Digital

Question 9

Cycle of poverty - summery

Answer 9

Factors influencing development are often linked and countries can find themselves in the cycle

Question 10

Cycle of poverty

Answer 10