the way that a country becomes more advanced in its economy
Standard of living - to do with money and wealth
Quality of life - to do with the things that affect a person's well-being and happiness
Measuring Development (GDP)
gross domestic product per capita
calculated by taking the total value of goods and services produced by a country in one year and dividing it by the population of the country
it measures standard of living but not quality of life
Measuring Development (HDI) takes into account:
GDP per capita
adult literacy and educational provision
life expectancy at birth
reflects of standards of living and quality of life
Reasons for inequalities (why some countries are richer than others)
Location - landlocked countries have generally developed more slowly than countries near coastlines
Natural Hazards - countries which experience natural hazards (eg. earthquakes) are less likely to develop rapidly
Stable Gov. - unstable gov, poor law and order, and corruption can lead to civil unrest and delay economic and socialprogress
Ability to trade - poor countries have traditionally suffered for unfair trading particles such as tariffs and import duties
Regions at diff. stages of development
Industrial sectors
Employment structure
the proportion of people working in primary, secondary, tertiary and quaternary activities in any country
Globalisation
the growth of international integration (increase in links btw diff. parts of the world and diff. countries)
Features of Globalisation
an increase in world trade and the availability of goods from other countries
countries are more affected by economic change in other countries
there has been a change in the location of some manufacturing industries from MEDCs to LEDCs and NICs
Factors that have increased globalisation
the growth in transnational corporations (TNCs)
advantages in transport, air travel has become cheaper and accessible to more people
advantages in communications infrastructure, such as the internet and cell phones, allow rapid movement of knowledge and info.
Impacts of globalisation (local level)
Small local businesses cannot compete with global companies
Closure of TNC leaves high unemployment rates
Environmental cost of increased production, trade and growth
Pollution impacts the health of people
Impacts of globalisation (national and global level)
TNCs control a large labour force and can 'black list' workers, effectively preventing people from working elsewhere
Growth of urban slums
Movement of people, transport ownership and loss of biodiversity increases globally
Decisions made elsewhere do not consider local or national identities
Transnational Corporations (TNCs)
large companies that operate in many countries or continents
Economic development is measured using GDP per capita
The Human Development Index measures human well-being based on life expectancy, education and income levels
Human Development Index (HDI): A measure used to compare living standards between different countries. It takes into account factors like life expectancy, access to education and income levels.
Advantages of a TNC for the LEDC
provides jobs and guarantee income for local people
brings in foreign currency, which helps the country to develop
can lead to the development of local raw materials (mining minerals or growing crops)
leads to the development of infrastructure projects (roads, dams, airports, hospitals)
Disadvantages of a TNC for the LEDC
most of the profit goes abroad and are not reinvested in the LEDC
the TNC might suddenly decide to leave the LEDC if conditions inside or outside of the country change
operations of the company may cause environmental damage