Topic 1- Development Flashcards
Factors that impact development, "India" sub topic
What is the A B C method on 8 markers?
A knowledge (facts) B understanding (explain impacts) C judgment (judge)
What is Development?
A country’s wealth and its social and political progress
Is the worlds wealth evenly distributed?
No, 82% is owned by the richest quintile
Convex, conque sides, what are they?
Convex- Tell us the country is developed
Conque-Tells us its developing
Global inequality causes:
flip
Physical- A limited access to sea or other countries due to topography limits trade-no FDI, TNCs, no GDP growth B Tropical countries are more prone to natural hazards which potentally put back progress-like 2010 Haiti
Historical- Takes resources and wealth, social
Trade- Rich countries set trade prices causing an economic dependency, trade deficits occur when the country imports more value goods than exports, economic
Political- Allows flow of jobs, money if good relations, corrupton=bad (Zimbabwe) ,economic
Social- Prioritised education and healthcare seen in developed countries, Sierra Leone stopped in 1963 and economy rapidly declined, healthy workers=$$$$
Consequences of inequalitys:
flip
- More than 775 million can’t read or write, social
- Developing means lack of investment in progression
- Bad governance means corruption and hard time on economy/investment, North Korea
- Poor farming practices means unclean environment
What are the two development theories?
Andrew Frank’s- Colonization paralyzed the economic pericy and feeds the economic core
Walt Rosto- That counties move through:
1) Traditional society MALAWI
2) Pre conditions to take off MEXICO
3) Take off NIC TAKE OFFS
4) Drive to maturity CHINA
5) High mass consumption USA
Name an example of top down and bottom up development schemes:
The Narmada river scheme:
Funded by IGOs and is a large scale development scheme to provide electricity to cities through hydroelectric power, 1.8 mill hectares being irrigated that was once very dry
ASTRA biogas scheme:
Funded by NGOs and the university of Bangalore helps by letting girls go to school and get fire wood, education=better for future economy
When do demographers predict India will be the most prosperous country in the world?
2022
What has India’s unemployment rate dropped from to now?
20% to 8.5%
How many ports did India’s government invest in building?
12 major sea ports
When did India’s government liberalise the economy?
1991
How much higher over the average GDP per capital is Maharashtra?
36,000 rupees
How much lower is Bihars GDP per capita than average?
41,000
What is the “economic multiplier effect”?
When TNCs come and invest in an area by providing jobs and in turn giving FDI- like £3000 per year BT workers
