Unit 6: Dynamic Development

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63 Terms

1

development is

the improvement to a country's standards

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2

economic development is

a progress in economic growth

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3

social development is

improvement in people's standards of living

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4

environmental development is

advances in the management and protection of the environment

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5

gross domestic product is

the sum total of all the value of goods produced by the nation in a year measured in US dollars

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6

GDP per capita is

GDP divided by population measured in US dollars

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7

gross national income is

the total value of goods and services produced by a country per year and net income earned abroad measured in US dollars

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8

GNI per capita

GNI divided by population measured in US dollars

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9

birth rate

number of live babies born per thousand per year

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10

death rate

number of deaths per thousand per year

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11

life expectancy

average age a person can expect to live to

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12

infant mortality rate

number of babies who die under 1 years old per thousand

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13

literacy rate

percentage of adults who can read and write

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14

human development index (HDI)

calculated using life expectancy, education level, and income per head ranges from 0 to 1

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15

happy index

calculated by dividing a country's life expectancy, well being and level of inequality by its environmental impact graded either green, amber, or red

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16

LIDCs are

the poorest in the world with the lowest GNI per capita there are low standards of living

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17

LIDC economies are usually

based on primary industry not many goods are exported not enough money to spend on development

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18

examples of LIDCs

Afghanistan Somalia Mali Nepal

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19

EDCs are

generally getting richer standards of living are improving

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20

EDC economies are

moving from primary to secondary industry high exports of manufactured goods more money to spend on development

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21

examples of EDCs

Brazil Russia India China

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22

ACs are

the wealthiest countries in the world highest GNI per capita high standards of living

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23

AC economies are

based on tertiary and quaternary industry lots of money to spend on services

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24

examples of ACs

UK USA France Canada Australia

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25

physical factors affecting development

poor climate few natural resources bad location lots of natural hazards

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26

poor climate

not much food will grow reduces food production leading to malnutrition less crops to sell so less income made

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27

few natural resources

less to sell some countries may not have infrastructure to extract or transport raw materials

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28

bad location

landlocked countries cannot easily transport goods

more expensive to import and export goods

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29

lots of natural hazards

cause deaths and injuries destroy property and posessions lots of money spent rebuilding after disasters occur

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30

human factors affecting development

conflict debt disease and healthcare politics education trade tourism aid

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31

conflict

money is spent on arms and fighting people are killed and the area is damaged money spent repairing infrastructure and property

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32

debt

money has to be paid back usually with interest any new money made is used to pay the debt back

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33

disease and healthcare

people who are ill cannot work expensive medication or healthcare is needed

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34

politics

corrupt governments may take money used for services may prevent fair elections from happening comapnies and other countries unlikely to invest not many trade links made

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35

education

produces a more skilled workforce so higher income country can produce more goods more services offered

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36

trade surplus is

when the cost of a country's exports exceeds the value of its imports

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37

trade deficit is

when the cost of a country's imports exceeds the value of its exports

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38

exporting primary products is

less profitable than exporting manufactured goods prices tend to fluctuate

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39

tourism

more money entering the country so more income

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40

aid

can be spent on development projects however countries may only rely on aid and will not develop trade links

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41

Rostow's model

a model of economic development

describes a country's linear progression

occurs in five stages

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42

stage 1 of Rostow's model

traditional society farming, fishing and forestry based little trade

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43

stage 2 of Rostow's model

preconditions for takeoff manufacturing develops and infrastructure is built international trade begins

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44

stage 3 of Rostow's model

take off rapid growth and large scale industrialisation increasing wealth

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45

stage 4 of Rostow's model

drive to maturity economy grows so people get wealthier standards of living rise widespread use of technology

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46

stage 5 of Rostow's model

high mass consumption lots of trade and goods are mass-produced people are wealthy

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47

millennium development goals (MDGs)

eight goals adopted by the UN to address inequality in the international system with the objective to improve people's lives globally by 2015

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48

sustainable development goals (SDGs)

goals created by the UN to build on the work accomplished via the MDGs by 2030

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49

top-down aid is when

an organisation or government receives the aid and decides where it should be spent

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50

bottom-up aid is when

money is given directly to local people

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51

tied aid

aid given to a foreign country with conditions attached

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52

short-term aid is when

aid is sent to help countries cope with emergencies

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53

advantages of short-term aid

country recovers faster money for development isn't used for the emergency

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54

disadvantages of short-term aid

doesn't help with long-term recovery food aid may limit the price farmers can charge for their crops

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55

long-term aid is when

aid is given over a long period to help countries develop

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56

advantages of long-term aid

most projects aim to be sustainable most projects aim to improve life for lots of people most projects aim to build trade links

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57

disadvantages of long-term aid

recipient country may only depend on aid aid can often be tied

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58

debt relief

the partial or total remission of debts not all of the money borrowed has to be paid back

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59

advantages of debt relief

frees up money that can be spent on development donor countries can specify how the cancelled debt should be spent

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60

disadvantages of debt relief

donor countries may be reluctant to cancel countries with corrupt governments money will not be used where it is needed

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61

trans national companies (TNCs)

companies that are located in or produce and sell products in more than one country

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62

TNC factories are usually located in

poorer countries because labour is cheaper less environmental and labour regulations

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63

TNC offices and headquarters are usually located in

richer countries more people with administrative skills

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