The Changing Economic World Flashcards
GNI meaning?
Gross national income - total value of goods and services produced by a country including income from overseas
What is development?
Development is the progress in economic growth, use of technology and improving welfare that a country has made.
What is GDP?
Gross domestic product is the total value of goods and services a country orifices in a year
What is rich rate?
Number of babies born per thousand of the population per year
What is Death rate?
The number of deaths per thousand of the population each year
What is infant mortality rate?
The number of babies who die under 1 per thousand born
What is HDI?
human development index is a number that calculated using life expectancy, literacy rate, education level and income per head. Every country has a HDI between 0 and 1
What are the limitations of using an denomination measure of development?
It can hide variation between regions
It’s an average - could be couple really rich people to a couple thousand really poor and that could be considered a HIC
What is the demographic transition model?
Shows how changing birth rates and death rates effect population growth.
What are the characteristics of stage 1 on the DTM?
High birth rate - no contraception, poor medicine - many infants die
High death rate - poor medicine and healthcare, famine, low life expectancy
What are the characteristics of stage 2 on the DTM?
Economy based on agriculture - children need to work
Birth rates are high
Death rates are low due to improved healthcare and diet
What are the characteristics of stage 3 on the DTM?
Most NEEs are stage 3
Birth rate falls as women have a more equal part in society and use of contraception increase - less children need to work
Healthcare improves and life expectancy increases further
What are the characteristics of stage 4 and 5 on the DTM?
Low birth rates - people want possessions, careers, high QoL, les money for children
Healthcare is good - low death rates and high life expectancy
Outline the three categories of causes for uneven development.
Physical
Economical
Historical
Explain briefly how different physical aspects effect a countries development.
Poor climate - not much will grow, fewer things to sell and low income
Poor farming land - steep land or poor soil - won’t produce food
Few raw materials - fewer things to sell, less money to develop
Natural hazards - spend lots of money rebuilding