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.
    • 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
  • 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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