Changing Economic World

• Infant Mortality Rate - The number of deaths of children under one year of age per 1000 live births per year.
• GNI (Gross National Income)

  The sum of a country's gross domestic product (GDP) plus net income (positive or negative) from abroad
• Ways to measure development

  • Social indicators
  • Economic indicators
• Social indicators

  Measure the access a population has to education, nutrition, health, leisure and safety - as well as political and cultural freedom
• NEE

  Newly Emerging Economy. Example: India and Nigeria
• LIC

  Low income country. Example: Burundi and Nepal
• Economic factors that cause uneven development

  • An economy being dominated by primary production
• Significance of India

  social - India has the 2nd largest population in the world and by 2030 it is estimated to have 10 million

  
  

  Political - India takes part in peace keeping missions in developing nations and trys to maintain a good relationship with neibouring countries

  
  

  Culture - Indias' rich and distinct culture attracts 10 million tourists each year, it also is the birthplace of 4 religions
• Indias economy

  India has the fifth-largest economy in terms of GDP, which has steadily risen over the last 20 years.
• Indias' trade has increased; more businesses are trading internationally and indias lifestyle is influenced in other countries
• TNC's

  Transnational corporations
• Globalisation

  it can affect many different aspects of life in India, but it especially benefits the social and economic aspects of life. However, globalisation can come at a cost to some communities and the environment.
• TNC's

  Benefits

  • India relies heavily on agriculture and if you are not a farmer in the rural environment then there is not much you can do
  • moving to the city allows people access to more ways and places to work

  Costs

  • More young people moving to the urban environments means that the older farmers can't retire and don't have people to look after them
  • many people that move to the city can't afford the price of living there so there are increased homeless on the streets.
• why does uneven development occur

  Physical causes of uneven development include climate, natural resource curse theory, and being landlocked