Theme 2 - Developed, emerging and developing economies

  • Created by: becky.65
  • Created on: 20-05-17 18:30
What does BRICS stand for?
Brazil, Russia, India, China and South Africa. All are large, fast-growing emerging economies
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What has been China's average growth rate for three decades?
10%
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What was China's rapid growth led by?
Investment and exports and the world being able to buy their cheap exports
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Why is the Russian economy experiencing many problems?
Due to sanctions applied by the West which has led to reduced essential imports and falling oil and gas prices
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What has slowed Brazil's growth rate?
Falling demand and volatile commodity prices
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What two ways can measure the growth of a country?
GDP per capita and the Human Development Index
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What is the Human Development Index?
It provides a measure of development based on access to health care as well as education
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What are the characteristics of a developed economy?
It has high income levels, advanced technology and infrastructure, highly developed capital markets and robust financial institutions
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What are the characteristics of a developing economy?
In the early stages of industrialization and still rely mainly on agricultural activity. They have low standards of living, low income, low levels of healthcare and education
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What are the characteristics of an emerging economy?
They share some characteristics of both developed and developing countries. Some areas have high growth and disposable incomes alongside some areas of serious poverty
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What is the mean income?
The average income
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How is the mean income calculated?
GDP / Population
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Other cards in this set

Card 2

Front

What has been China's average growth rate for three decades?

Back

10%

Card 3

Front

What was China's rapid growth led by?

Back

Preview of the front of card 3

Card 4

Front

Why is the Russian economy experiencing many problems?

Back

Preview of the front of card 4

Card 5

Front

What has slowed Brazil's growth rate?

Back

Preview of the front of card 5
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