The Development Gap Flashcards
Development measure (indicator)
Statistics used to show level of development which allows countries to be compared
Development
(Usually) positive change in a country’s economic, social and political circumstances
GDP/Capita
Gross Domestic Product: the total value of the goods and services produced in a country in a year, divided by it’s population (this aids comparison between countries). It gives a sense of the economic development of a country
GNI/Capita
Gross National Income - GDP/Capita but GNI includes money wasn’t overseas eg. through TNCs or remittance
Death rate
The number of deaths per 1000 of population per year. Less useful as a development indicator as death rates are high for both very poor and very rich countries
Birth rate
The number of births per 1000 of population per year. Low birth rates are typical of more developed countries
Adult literacy
The percentage of adult population that can read and write. Higher in developed countries
Infant mortality
Number of children that die before they reach 1st birthday per 1000 of population. Lower in developed economies
Human development index (HDI)
Development indicator combing GDP/Capita (PPP), life expectancy, adult literacy and number of years of schooling. Highest value possible = 1
Correlation
Relationship. Can be seen on scatter graphs when two development indicator variables are compared. Can be positive or negative
Standard of living
Concerns how much money and material possessions people have. Can be measured in GNI/Capita
Quality of life
Concerns whether people are happy with their lives - this may be he case I’d they have good incomes, health, education, clean environment, community links, family ties etc. can be partly measured by HDI but includes other data
Debt relief
Forgiving a debt, in part or in total, by one country to another
Conservation swaps
A type of debit relief where he lending country exchanges the debt to encourage environmental protection
Trade
The exchange of goods and services between countries
Exports
Goods and services sold by a country
Imports
Goods and services bought by a country
Trade balance
Difference between value of a country’s imports and exports
Trade surplus
Occurs when a country’s exports exceed value of it’s imports
Trade deficit
Occurs when a country’s imports exceed value of it’s exports
Trade grouping
Where several countries get together for he purpose of trying to increase the volume and value of trade eg. The European Union (EU) and the North American Free Trade Association (NAFTA)
Tariffs
Taxes paid on imports into a country. Usually put in place to protect the value of home produced goods
Quotas
A limit on amount/volume of goods that can be imported
Free trade
Where trade between countries is not restricted by any tariffs or quotas - eg. Trade within the EU