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Globalization
The process by which businesses, cultures, and economies become interconnected and interdependent on a global scale, is often driven by trade, technology, and communication.
Inequality
refers to the unequal distribution of resources, opportunities, and privileges within a society or between different societies. It can manifest in various forms, including economic, social, and political disparities.
Sustainability
The ability to meet present needs without compromising the ability of future generations to meet their own needs, often involving environmental, economic, and social considerations.
Development
The process of improving the economic, social, and political conditions of a country or region, aiming to enhance the quality of life and well-being of its population.
Maslows hierchy of needs
A psychological theory proposing that human motivations are organized in a hierarchy, starting from basic physical needs to higher-level psychological and self-fulfillment needs.
Human development
Enriching a populations overall quality of life. Enhancing Human capabilities, and People’s freedoms and opportunities.
Economic Development
Economic growth is an increase in productivity and revenue. Involves innovation, diverse economy sectors (can include regions).
Socio-Political development
Social Growth, for social issues, gender equality, education, voting. Democratic and responsible governments, little to no corruption.
Environmental Development
Reducing factors that threaten the environment, taking steps to create housing, income and other stability.
Gross Domestic Product (GDP)
Measure value of all goods and services in a nation - Commonly used to gauge development
Human Development Index
based on life expectancy, education and per capita income
Genuine Progress Indicator (GPI)
Full account of wellbeing, Environmental pollutants, carbon footprints, poverty rates and home costs.
Inclusive Wealth Index
Value of all assets in a nation- Asses being human, social, political, natural and public capital.
Happy Planet Index
Human wellbeing, and environmental impact. - Critics say that Happiness can be defined differently its not universal
Gini Coefficient
Represents income inequality, how equal or unequal society’s are. Measuring the gap between the rich and the poor
Globalization
The process where businesses, cultures, and economies interconnect globally, driven by trade, technology, and communication.
Poor Management
Government are inept at managing infrastructure
Corruption
Goes beyond crooked police or immoral politicians - government is going in the wrong direction
Instability
Government failed and development is not moving forward - can be all out violence or war
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