CHANGING ECONOMIC WORLD
- Created by: Sagaana
- Created on: 06-05-18 21:30
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- Changing Economic World
- Measuring Economic developement
- GNI:total value of goods and services produced by a country in a year
- GNI per capita:GNI divided by the population of a country.
- Birth Rate
- Infant mortality
- Death rate
- People per doctor
- Literacy rate
- Life expectancy
- HDI:number that is calculated using life expectancy literacy rate, education level and income per head.
- Economic development
- Rich=More economically Developed county
- Poor=Less economically developed countries
- HIC-wealthies countries in the world and ppeople have high quality of life
- LIC-the poorest countires in the world where GNI per capita is ver low nad QOL is low
- NEE-rapidly getting richer as their economy is moving from being based on primary and changing to secondary
- Development and DTM
- The DTM shows how changing Births rate and death rate affect population growth
- Natural increase is when there is more people are being born and less are dying
- STAGE 1 -birth rate high >no use of contraception. The poor have lot of children so that they can work. Death rate high> poor healthcare
- STAGE 2- LICs are in stage 2 economy based on agriculture. Birth rate high>child labour but death rate is low >improved healthcare
- STAGE 3-Most NEE are at stage 3 Birth rate decrease>contraception use high + women go to work. Few children are needed as economy changes to Manufacturing. health care also improves.
- STAGE 4+5 The most developed- most HIC are here. Birth rate low>children are expensive. health care is good so death rate is low.
- Causes of uneven development
- Physical factors
- Poor climate>low food produced >few crops to sell>less money from taxes
- Poor farming land>produce less food
- Few Raw Material>make less money >less money to spend on development OR some contires don't have money to exploit them.
- Historical Reasons
- Conflict:civils wars can slow down development even after the war.More money is invested in arms and in helathcare
- Economic factors
- Poor trade link:This means less money is made.
- Lots of Debt:the money earned would be to pay back debt and not for development
- Concequences
- Wealth : people in developed countries will have a higher income
- International Migration:people will want to move to place with developed countries to make use of opportunity and improve their QOL
- People in developed countries have higher life expectancy.
- Physical factors
- Reducing development Gap
- AID:spent on development projects.
- Debt relief:this means that country can focus on making money to develop the country
- Fair Trade:this allows farmer to get a fair share money. and they could use this to improve the quality of life.
- Intermediate technology:improve QOL affordable and easy to use.
- Tourism: increase income there will be more money entering the country.
- Investment:better access to finance and improve infrastructure
- Industrial Development:provide more jobs so that people can start to earn money and increases GNI
- Microfinance loan :small loans given people not able o get loan from banks so this means that people can start their own business.
- Tourism
- Kenya in as low income country and It attracts tourist because of its tribal culture
- Tourism has increased in kenya
- It contributes to 12% of Their GDP
- many people are now employed
- They maintain the environment and wildlife.
- Only a small proportion goes to the local community
- Tribes people are forced out of their land
- Tourist vehicels are destroying vegetation
- TNCs
- Employee in poorer get reliable income
- they create jobs
- HQ are normally based in HIC so profit go to the HIC
- They improve the development of countires by transefering jobs, skill and money.
- Located in poor countries because labour is cheap
- They work in more than company.
- TNC spend money to improve local infastructure
- paid low Wage
- Empolyee have to work long hours
- Jobs created in poorer countries aren't secure
- Measuring Economic developement
- TNCs
- Employee in poorer get reliable income
- they create jobs
- HQ are normally based in HIC so profit go to the HIC
- They improve the development of countires by transefering jobs, skill and money.
- Located in poor countries because labour is cheap
- They work in more than company.
- TNC spend money to improve local infastructure
- paid low Wage
- Empolyee have to work long hours
- Jobs created in poorer countries aren't secure
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