The Changing Economic World

Question 1

Development

Answer 1

The people’s quality of life improves, a change for the better

Question 2

Development gap

Answer 2

The difference in the standard of living between the richest and the poorest people in a country

Question 3

LIC and example

Answer 3

Low income country - Ghana

Question 4

HIC and example

Answer 4

High income country - UK

Question 5

MIC

Answer 5

Partially developed

Question 6

GDP

Answer 6

Gross domestic product

Question 7

GDP per capita

Answer 7

GDP / population

Question 8

NEE and example

Answer 8

Newly emerging economy - India

Question 9

Social adv of fair trade

Answer 9

• safe working conditions
• community development
• democratic decision making

Question 10

Environmental adv of fair trade

Answer 10

• sustainable farming

- environmental protection

Question 11

Economic adv of fair trade

Answer 11

• Fair price/ wage for farmers

- direct market access

Question 12

Micro finance

Answer 12

Banks that give out very small loans to poorer people

Question 13

Debt relief

Answer 13

When countries are in debt and poor bigger countries will excuse them

Question 14

Case study - Tunisia

Answer 14

Tourism is a hugely important development strategy it provides the country with 2 billion pounds every year

Question 15

Case study - Nigeria

Answer 15

• Most economically evolved African country
• overall GDP of 1.1 trillion
• relies heavily on oil
• no political stability

Question 16

Advantages and disadvantages of TNCs in Nigeria

Answer 16

Adv

• new investment into economy
• trains community
• new tech promotes development

Disadvantages

• keeps profits for themselves
• environmental damage

Question 17

Agriculture in U.K.

Answer 17

Gone down because of low profits and globalisation

Question 18

Mining in the U.K.

Answer 18

Gone down because of high risk and how bad it is for the environment

Question 19

Impacts of primary industry on the environment

Answer 19

• machinery releases gases
• pesticides
• deforestation

Question 20

Secondary industry impact on environment

Answer 20

• machinery used for manufacturing releases bad gases
• noise pollution
• transporting finished goods

Question 21

Tertiary impact on environment

Answer 21

Transport

Question 22

Quaternary impact on the environment

Answer 22

• E-waste

- space / rockets

Question 23

How have rural areas changed

Answer 23

Counter urbanisation and depopulation

Question 24

Pros and cons of more people in rural areas

Answer 24

Pros

• more profit for local shops
• more houses - lower prices
• more demand for school
• diversity

Cons
- conflict between newcomers and locals

Question 25

High speed 2 pros and cons

Answer 25

Pros - connects north to south - spurs economic growth - multiplier effect (more jobs) - relive stress on other train lines Cons - knocking down parts of England - take until 2035 to build - noise pollution / pollution

Question 26

UK in the wider world

Answer 26

Common wealth - easy trade European Union - free movement of people and easy trade

Question 27

Why is the UK so popular?

Answer 27

- cultural diversity - strong economy - link of east and west in the world - global language