Global development

• FDI stands for...

  foreign direct investment
• HDI stands for...

  Human development index
• GDP stands for...

  gross domestic product
• GDI stands for...

  gross domestic income
• per capita means...

  per person
• A choropleth map is used to show levels of development in countries through HDI. However it does not show differences in HDI within countries.
• what indicators make up HDI?

  life expectancy, GDI, education
• the clark fisher model shows the different types of jobs increase and decrease in employment before and after industrialisation took place
• FDI is a cross border investment where the investor lives in one economy and influence and invest into a company in another country
• spatial variation is when different areas have different levels of development due to physical and human factors (e.g relief of land and urbanisation)
• What is the definition of development?

  To improve in a country's economy and quality of life
• What does the primary sector involve?

  Jobs that extract raw material
• What is the secondary sector?

  Jobs that involve manufacturing
• What does the tertiary sector provide?

  Jobs that provide a service
• What is the quaternary sector?

  Jobs that involve research
• What is the development gap?

  The difference in levels of development in different countries
• What does the North-South Divide refer to?

  The difference between south of the UK and north of the UK
• What is gross national income?

  The income earned by the people in a country
• What are spatial variations?

  The physical and human differences in different land in different countries
• What is a civil war?

  A war between citizens of the same country
• What does infrastructure include?

  Buildings, roads, pipes, and other essential structures
• How is the workforce divided in employment structure?

  Between the primary, secondary, and tertiary sectors
• What is appropriate technology?

  Technology that suits the level of development in a country
• What are top-down projects?

  Projects implemented by the government without societal input
• What are bottom-up projects?

  Projects designed by the people, not the government
• What are the differences between top-down and bottom-up projects?

  • Top-down projects:
  • Government-initiated
  • Lack of community input
  • Bottom-up projects:
  • Community-designed
  • Focus on local needs
• What is bilateral aid?

  Aid between two countries
• What is tied aid?

  Aid given with conditions for return
• What is multilateral aid?

  Aid from multiple countries or organizations
• What is official aid?

  Aid provided by government sources
• What is voluntary aid?

  Aid given voluntarily by organizations
• What is nationalized socialism?

  Government control of industries and businesses
• What is a free market economy?

  An economy where prices are determined by supply and demand
• What does the Human Development Index (HDI) measure?

  Life expectancy, GNI, and education
• What are transnational corporations?

  Companies operating in multiple countries
• What is public investment?

  Investment by the government to improve services
• What is private investment?

  Investment in non-publicly traded companies
• What is the informal sector?

  Jobs without contracts, often paid in cash
• What is the balance of trade?

  Difference between imports and exports
• What is the International Monetary Fund (IMF)?

  An organization promoting economic growth and stability