development

Development

A process where a country, region or community works to improve the standard of living and the quality of life for people

Developing Indicators

Something we measure to show a country's progress in human development

Economical Development

A process that aims to improve the economic well-being and quality of life

Social Development

Improving the well-being of every individual in society so that they can reach their full potential

Political Development

The creation of fair laws, stable institutions, free elections, the protection of rights, and peaceful conflict resolution

Name some examples of economical development

- Education

- GDP

- Income/Wealth

- Access to healthcare

- Access to clean water

Name some examples of social development

- Fertility rates

- Life expectancy

- Literacy rates

- Agriculture

- Women's rights

Name some examples of political development

- Ability to vote

- Racism

- LGBTQ+ rights

- Civil war

- Corruption

GDP

Gross Domestic Product

(the total monetary value of all goods and services produced within a country's borders in a specific period, usually a year)

GDP per capita

GDP divided by total population

Human Development Index

An aggregate measure of all other development indicators

What are the three key components of the Human Development Index?

Lifespan, education, standard of living

MEDC

More Economically Developed Countries

(that have higher standards of living)

LEDC

Less Economically Developed Countries

(that are trying to achieve higher standards of living)

Name some examples of MEDCs

- USA

- China

- Australia

- Canada

- New Zealand

Name some examples of LEDCs

- DRC

- Ethiopia

- Bangladesh

- Afghanistan

- Zimbabwe

Emerging Economy

Referring to a country undergoing rapid industrialisation & economic growth, transitioning from a developing to a developed state

Name some examples of emerging economies

- Brazil

- India

- Vietnam

- Bangladesh

- Indonesia

Economy

A system in a country or region that involves the production, buying and selling of goods and services