economic world knowledge

• What are the consequences of uneven development?

  Disparities in health, wealth, and international migration
• What’s the brandt line?

  An outdated line splitting the rich north and the poor south
• What is development?

  People getting richer and quality of life improving
• What is uneven development?

  Development takes place at different rates in different countries
• What is the development gap?

  Difference in standard of living and wellbeing between the worlds richest and poorest countries
• What is quality of life??

  General well-being
• What is standard of living?

  where level of wealth and material goods are available to people?
• What is economic development?

  Progress in economy with new technology leading to industry
• What are some ways to measure development?

  people per doctor, access to safe water, infant mortality rate
• What are three things that make up HDI?

  Life expectancy, education, and income per capita.
• What are the generic limitations of measuring development?

  Difficult to record data in conflict, zones and areas with an unstable government
• What are the physical causes of uneven development?

  Natural disasters, extreme climate and landlocked
• What are the economic causes of uneven development?

  Debt and selling primary products
• What are the historical causes of uneven development?

  War and colonialism
• What happens in stage one of the demographic transition model?

  There is a high birth rate and death rate due to the lack of clean water and education
• What is happening in the stage two of the demographic transition model?

  High birth rate with falling death rate in an LIC country this is because of medical care improvements but still a lack of knowledge
• What happened in stage three of the demographic transition model?

  Low death rate and falling birthrate in a NEE due to rural to urban migration and better education
• What is happening on stage four of the DTM?

  Low birth rate and low death rate due to access to contraception and better healthcare
• What is happening in stage five of the DTM?

  HIC, so low birth rate and death rate due to very good healthcare and contraception
• What is our case study for reducing uneven development?

  Nepal where they are suffering, civil wars and earthquakes which is an LIC
• What are the advantages of tourism in the Nepal?

  8% of GNI, 500000 jobs, 7% of employment and made the country 445 million US dollars in 2015
• What are the disadvantages of tourism in Nepal?

  locals poorly paid, economic leakage, earthquake in 2015 reduced it by 1/3
• What’s the summary of tourism in Nepal?

  Has been successful, but unreliable and needs more sustainable method in long-term
• What is fair trade?

  when producers in LICs are guaranteed a fair price for their goods and this improves income
• What are the advantages and disadvantages of fair trade?

  Improve quality of life, but poorest can’t afford certification
• What are the strategies to reduce uneven development?

  fair trade, aid, tourism, micro finance loans, investment, debt relief, intermediate technology, industrial development
• What is Aid?

  when a country donates resources to another country to improve lives
• What are the positives and negatives of aid?

  Corruption, but can improve quality of life
• What is tourism?

  visitors spending money in the country to improve infrastructure
• Tourism can be unreliable
• What are micro finance loans?

  Very small loans, which are given to people to help them start businesses
• What are the positives and negatives of micro finance loans?

  Makes society more equal, but can lead to debt
• What is investment?

  Countries or TNCs can invest in a country to gain profit
• What are the positives and negatives of investment?

  Triggers multiplier effects, but can cause economic leakage
• What is debt relief?

  this is when the poorest countries have the debt removed if they could guarantee no corruption or to improve education
• What are the positives and negatives of debt relief?

  Improve quality of life, but may go into debt again through corrupt governments
• What is intermediate technology?

  Sustainable technology that is appropriate to the needs of the locals as small-scale projects
• What’s the positives and negatives of intermediate technology?

  Affordable but small scale
• what is industrial development?

  developing the secondary sector, bringing higher income and infrastructure improvement
• What are the positives and negatives of the industrial development?

  Triggers multiplier affect but causes environmental damage