AQA GCSE Geography - The Changing Economic World

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LIC (Low Income Country)

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32 Terms

1

LIC (Low Income Country)

GNI per capita: <US$1,045

~30 countries

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2

NEE (Newly Emerging Economy)

GNI per capita: US$1,045-12,736

~80 countries

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3

HIC (High Income Country)

GNI per capita: >US$12,736

~80 countries

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4

GNI per capita

The total value of goods and services produced by a country divided by its population

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5

Birth rate

How many people are born in a country each year

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6

Death rate

How many people die in a country each year

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7

IMR (Infant Mortality Rate)

The number of deaths of children less than 1 year old per 1,000 births

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8

Life expectancy

The average number of years a person can expect to live

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9

People per doctor

The number of people who depend on a single doctor for healthcare needs

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10

Literacy rate

The % of a country’s population that has basic reading/writing skills

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11

Access to safe water

The percentage of people who have access to water that does not carry a health risk

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12

HDI (Human Development Index)

Accounts for income, life expectancy and education. Combines these factors for a 0-1 variable signifying development

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13
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14

DTM stage 1

Very high, fluctuating birth/death rate, very low population

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15

DTM stage 2

High birth rate, sharp fall in death rate, growing population

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16

DTM stage 3

Birth rates fall, death rates plateau at a low level, population grows rapidly

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DTM stage 4

Very low, fluctuating birth/death rates, population peaks

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18

DTM stage 5

Birth rate stagnates, death rate rises slowly, population begins to slowly decline

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19

Causes of uneven development - Physical

• Climate - too hot/dry, less water available, barren land

• Natural disasters - earthquakes, hurricanes destroy buildings

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20

Causes of uneven development - Economic

• Varying levels of economic development - some countries rely on agriculture, manufacturing, services

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21

Causes of uneven development - Historical

• LIC borrowing from HICs - to initially develop, LICs took out large loans, interest has to be repaid

• Colonialism - other countries have exploited valuable resources from countries and left underdeveloped infrastructure/unstable governance

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22

Consequences of uneven development - Wealth

• For some groups in LICs/NEEs, QoL is not improving/is worsening

• Need for aid from other countries/NGOs

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23

Consequences of uneven development - Health

• Some countries have very low life expectancies, high IMR/death rates

• People miss days of work/school from illness, thus economy is hindered

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24

Consequences of uneven development - International migration

• LICs → HICs - seeking better opportunities/SoL

• e.g. channel boats France → UK

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25

Investment

TNCs invest money into LICs/NEEs

• Improves taxation (better SoL)

• Can impact lots of people (mostly urban)

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26

Aid

Comes from charities, NGOs, governments

• Boosts growth

• Can lead to dependence - political influence

• Potential mismanagement although not always monetary aid

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27

Intermediate technology

Technology such as water pumps that doesn’t require specialists to operate

• Local communities can operate

• Not expensive to maintain, can be fixed easily

• Not very impactful on closing development gap

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28

Industrial development

Investing in an industry hoping it will take off

• Very risky strategy

• Can yield very large profits

• e.g. BRICS, MINT nations

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29

Fair trade

Paying extra for local products from LICs/NEEs

• Multinational, large scale

• Accusations of violating the agreement

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30

Micro-finance loans

Small loan banks → small businesses

• Helps locals to escape poverty

• Can allow ideas to become reality

• Low risk

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31

Debt relief

Erasing debt for an obligation

• Lowers costs from interest

• Political influence issues

• Won’t close development gap

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32

Tourism

Attracting tourists to a country for growth

• Provides jobs, higher paid

• Puts money into local economy

• Only works for a few countries

• e.g. Tunisia

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