development

• Drivers of globalisation


  • Trade
  • Improvements in technology
  • Internet
• Development indicators


  Data and statistics categorised into 3 groups which are used to assess and compare each country's level of development
• Development indicators


  • Economic
  • Social
  • Environmental
• Economic development indicators


  • GNI per capita
  • Government debt
  • Growth of multinational corporations (MNCs)
  • MNCs providing jobs to local economies
  • Unemployment percentage
  • Strength of the trading blocks (EU)
  • Migration
  • Culture/media
  • Inequality
• Social development indicators


  • Doctors per 100,000
  • Infant mortality
  • Adult literacy
  • Access to clean water
  • Life expectancy
• Environmental development indicators


  • Forest cover
  • CO2 emissions
  • Methane emissions
• Advantages of globalisation


  • Worldwide market for companies and consumers
  • MNCs provide jobs to local economies
  • Sharing of cultures
• Disadvantages of globalisation


  • Mostly works in the interest of rich countries
  • MNCs drive out local businesses
  • Improved education and lack of law enforcement on MNCs
• Globalisation in the UK

  • UK companies (Reebok) owned by foreign companies (Adidas)
  • Foreign supermarkets stocking foreign goods
  • Computer gaming online - team to people around the globe
• Strategies to reduce the development gap

  • Investment - large companies can invest in LICs and NICs to create jobs, opportunities and infrastructure
  • Microfinance - loans provided to people who can use them to grow and set up businesses
  • Tourism - countries using their unique natural resources such as climates, landscapes and wildlife to attract tourists
  • Intermediate technology - Suitable, low-cost social and machinery suitable for LICs and NICs
  • Aid - money/resources given by one country to another, used to fund development projects (building schools)
  • Industrial development - investing in primary sector industry and increasing manufacturing which increases productivity and generates more wealth
  • Human Development Index (HDI) - combined statistic of life expectancy, education equity and per capita income scored from 0-1 (0 worst, 1 best)
  • Debt relief - lowering interest rates or canceling debt owed by struggling LICs or NICs
  • Fair trade - makes sure that farmers in LICs or NICs get a fair price for their produce
• GNI per capita


  Adding up value of all goods and services in a country divided by its population (representation of wealth) measured in US dollars
• Globalisation


  Connections between countries through trade, politics and cultural exchange