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Geography global development
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Created by
Yuting Wang
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Cards (19)
HIC
High Income Country
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LIC
Low Income Country
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NEE
Newly
Emerging
Economy
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Global development
A way of measuring how developed a country is e.g.
GDP
per capita,
life expectancy
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Development indicator
A
development indicator
made up of other
indicators
put together
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Composite indicator
Eg.
HDI
; a
development indicator
made up of other indicators put together
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North-South divide
The global divide between the 'rich
North'
and the 'poor
South
, clearer in the 1980s but less so now as other countries develop
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Brandt line
The global divide between the 'rich
North'
and the 'poor
South
, clearer in the 1980s but less so now as other countries develop
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TNC
Transnational Corporation
: A company that has operations in more than one country e.g.
Nike
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Trade
Buying and selling of
goods
between
countries
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FDI
Foreign Direct Investment
: An investment from a company in one country into business in another country
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Microfinance loans
Very small loans given to people e.g. to help them start a
business
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Fair trade
Producers e.g. farmers in
LICS
get a
better
price e.g. by joining together to form a cooperative
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Formal economy
Employment where people have a contract so get regular wages, sick pay. paid
holidays.
They also pay
tax
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Informal economy
Employment
where people do not have a contract so not not get benefits such as job security; they do not pay
tax
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Inequality
Differences between
poverty
,
wealth
and development. This can be at different scales e.g. between countries, within countries or even within cities
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Infrastructure
The basic
equipment
and
structures
e.g. roads, water pipes, electricity. internet and buildings
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Appropriate technology
Technology suited to the needs, skills,
wealth
and knowledge of the
local
people
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International aid
Money
, goods and services given by governments (or intergovernmental organisations) to support another country. This can be
emergency
aid e.g. after an earthquake or development aid, for long term changes
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