typically measured by GNP, relates to how good a countries economy is
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social development
relates to improvement of the broader standard of living (health, democracy ect) positively correlated with economic development
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Three worlds classification of development
First world (USA) second world (communist worlds) third world rest of the world. catagories are too general and in third world there is huge diversity
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Brandt: North South Divide
assumes the south was underdeveloped as reliant on trading basic raw materials such as agricultural goods, North traded valuable manufactured goods
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The World Bank Economic Classifications
takes aconomies and and divides them according to GNI per capita and are split into low, lower middle, upper middle and high income. non political yet ignores inequalities within countries
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GNP/GDP: gross domestic product
total economic value for goods and services total economic value of goods and services produced in the borders of a country in a year
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Human Development Index
Used by UN as a summary measure for assessing long term progress in health, education and standard of living and scored between 0-1 provides fuller picture than just GDP so aid can be targeted more effectively however doubts about the accuracy
broader range of MDGs, includes developed nations as development targets too. BUT not ambitious dont look at sustanable development enough, about poverty reduction rather than prosperity
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Gross National Happiness Bhutan & Global Inequality Index
GNH is subjective factors based so easily minipulated, GII shows change
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Other cards in this set
Card 2
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social development
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relates to improvement of the broader standard of living (health, democracy ect) positively correlated with economic development
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