Economic Development Flashcards

Infrastructure: The basic facilities within a society or country such as transport, communications, and power supplies.
Life Expectancy: The average age a person will be expected to live.
Unemployment Rate: The percentage of people without a job.
Literacy Rates: The percentage who can read and write.
Informal Sector: This sector contains jobs which are often unskilled and labor intensive. Workers who work in these sectors do not pay tax.
NIC (Newly Industrialized Country): A country where the economy has grown significantly, like India.

India is an NIC, indicating economic growth.
Despite economic growth, millions of low-paid workers exist in India, many in the informal sector.
Bihar, India’s poorest state, has a literacy rate of 47% with limited opportunities.
Kerala has a literacy rate of 92% in comparison.
Each state in India is responsible for services like health and education.
Variations in provision lead to differences: areas with higher spending on health and education result in higher life expectancy and literacy levels.

Differences within countries due to:
- Infrastructure: Improved infrastructure increases commuting ability, attracting business and industry.
- Health and Social Care: Better access to healthcare and schools in some areas impacts life expectancy and literacy rates.
- Unemployment: Increased unemployment rates in certain areas.
- Government: Central government location and decisions may benefit specific areas over others.

In the context of an economically developing country, like India, various factors contribute to regional disparities:
Differences in infrastructure, healthcare, education, employment, and governmental focus can significantly impact development patterns across regions.