changing economic world

• What are the three levels of development classification?

  HIC, NEE, LIC
• What does Gross National Income (GNI) measure?

  Total income earned by a country's residents
• What are the social measures of development?

  • Life expectancy
  • Birth and death rates
  • Infant mortality rate
  • Literacy rates
• What is a limitation of measures of development?

  Figures may disguise inequalities within a country
• What does the demographic transition model illustrate?

  Influence of birth and death rates on population
• What are the causes of uneven development?

  • Physical: climate, natural resource curse, landlocked
  • Economic: cycle of poverty, global trading systems
  • Historical: colonialism
• What are the consequences of uneven development?

  • Health issues in LICs: lack of clean water and sanitation
  • Migration: higher rates from LICs
  • Wealth disparities and healthcare access
• What strategies can reduce the development gap?

  • Large companies investing in other countries
  • Fairtrade practices for reasonable pricing
  • Debt relief for manageable debts
  • Microfinance loans for development
• How do large companies help reduce the development gap?

  By building factories and infrastructure
• What is Fairtrade?

  Paying producers a reasonable price for goods
• What is debt relief?

  Making debts more manageable or reducing them
• What are microfinance loans?

  Loans given to LICs to aid development