The Changing Economic World

• Brandt Line : A line that divides developed and developing countries on the world map.
• Colonialism : The act of getting control over another country, this involves occupying their land and results in exploitation of people and the country’s resources.
• Frank’s Dependency Model : Describes neo-colonialism and how a country can gain control over a neo-colony through exploitation and economic dependency.
• GNI per capita : The total amount of money earned by individuals or businesses, divided by the population.
• Human Development Index : A measure of several indicators including life expectancy, inequality and education.
• Communism : A system which believes that the population should be classless and equal financially. Goods and the means of production are owned communally (often by the state) instead of being owned by private companies so everyone has access to what they need.
• Corruption : Governments that are dishonest or steal money to remain in power or for financial gain.
• Immigration : The movement of people from their home country to a new country of residence.
• Indicator : A way of measuring development, which focuses on the social, economic or environmental development.
• Lower Income Country (LIC) : A country of low wealth and a limited level of development.
• Demographic Transition Model : A model which describes how the population, birth and death rates as a country develops.
• Infant Mortality Rate : The ratio of children under 5 years old that die compared to the total number of births.
• Life Expectancy : The average number of years an individual is likely to live, determined at birth.
• Middle Income Country (MIC) : A country of sufficient wealth and a good level of development.
• Literacy Rate : The percentage of the population that can read and write.
• Pollution Levels : The volume of pollution in the air or water.
• Social Inequality : The difference in quality of life between the highest income family and lowest income household.
• Non-Government Organisation (NGO) : A company or organisation that operates separate from the government, but doesn’t aim to make a profit (e.g. charities, universities).