Unit 2B: Changing Economic World Flashcards
(179 cards)
What is development?
Development is the progress in economic growth, use of technology, and improving welfare that a country has made.
Development leads to an improvement in the quality of life for people living in the country.
What does the global development gap refer to?
The difference in development between more and less developed countries.
For example, France is more developed than Ethiopia.
What are measures of development?
Measures that compare the development of different countries, including economic and social factors.
They provide information about people’s quality of life.
What is Gross National Income (GNI)?
The total value of goods and services produced by a country in a year, including income from overseas, often given in US$.
GNI is a key measure of a country’s economic development.
What is GNI per head?
The GNI divided by the population of a country, often referred to as GNI per capita, and is also usually given in US$.
It provides an average economic measure per individual.
What does a higher birth rate indicate?
A higher birth rate typically indicates lower development.
This is measured as the number of live births per thousand of the population per year.
What does a lower death rate indicate?
A lower death rate generally suggests higher development.
It is measured as the number of deaths per thousand of the population per year.
What is the infant mortality rate?
The number of babies who die before they are 1 year old, per thousand babies born.
A lower infant mortality rate indicates better health conditions.
What does ‘people per doctor’ measure?
The average number of people for each doctor in a country.
Fewer people per doctor generally indicate better access to healthcare.
What is the literacy rate?
The percentage of adults who can read and write.
A higher literacy rate is associated with higher levels of development.
What does access to safe water measure?
The percentage of people who can get clean drinking water.
Higher access to safe water indicates better health and development.
What is life expectancy?
The average age a person can expect to live to.
Higher life expectancy is typically a sign of better healthcare and living conditions.
True or False: GNI per head is always an accurate measure of development.
False.
GNI per head can be misleading as it is an average and does not reflect variations within a country.
What is a limitation of using social indicators alone to measure development?
Social indicators can be misleading if used alone because some aspects of development may progress faster than others.
For example, a country may appear more developed due to low birth rates but have high death rates.
Fill in the blank: GNI usually misses out on _______ which can account for a large proportion of national income.
informal employment.
This limitation can affect the accuracy of development measures.
What is the most common way of classifying a country’s level of development?
By looking at its wealth.
What are Higher Income Countries (HICs)?
The wealthiest countries in the world with high GNI per head.
Examples include UK, USA, Canada, France.
What defines Lower Income Countries (LICs)?
Countries with very low GNI per head.
Examples include Afghanistan, Somalia, and Uganda.
What are Newly Emerging Economies (NEEs)?
Countries that are rapidly getting richer as their economies transition from primary to secondary industries.
Examples include BRICS and MINT countries.
What does the Human Development Index (HDI) measure?
Income (GNI per head), life expectancy, and education level.
What is the HDI value range for countries?
Between 0 (least developed) and 1 (most developed).
How does HDI differ from GNI per head in classification?
HDI combines various measures and may show different results; for example, Nigeria is an NEE by wealth but has a low HDI.
What are the HDI classifications?
- Very high (>0.8)
- Medium-High (0.55-0.8)
- Low (<0.55)
- No data
What does the Demographic Transition Model (DTM) illustrate?
How birth rates and death rates affect population growth.