SA6 Global Politics

Development

Development is a sustained increase in the standard of living or well-being of a level of social organisation

Sustainable development

Development that occurs to meet the needs of the present without sacrificing the future generation’s ability to meet their needs

Political factors of development

Governance and stability, ideology and political structures, corruption and transparency, bureaucracy and policy paths

Economic factors of development

National levels of debt, infrastructure quality, access to capital and credit, foreign direct investment

Social factors of development

Gender equality, migration (forced and voluntary), education and healthcare, values and traditions

Institutional development

Global bodies (UN, IMF), World trade organisation, developing countries partnerships

Poverty

Poverty is a state or condition where a person or community lack the financial resources and essentials to meet the minumum standard of living

Absolute poverty

When an individual or community earns below the defined minimum threshold of basic needs at $2.15 a day

Relative poverty

When an individual earns significantly less than the average national income

Multidimensional poverty

Overlapping disadvantages in health, education and standard of living

Economic inequality

Social inequality

Political inequality