Upload
elinor-lee
View
217
Download
2
Tags:
Embed Size (px)
Citation preview
Starter
Get ready to take notes (have a sheet of paper on your desk and a pen/pencil)
Characteristics of Economic Development
Developed Developing
Sweden Germany Liechtenstein Ireland Canada New Zealand USA Netherlands Australia Norway
Afghanistan Angola Cambodia Liberia Nepal Yemen Haiti China (industrialized)
GDP: The monetary value of all the finished goods and services produced within a country's borders in a year
GDP per capita – The value of all goods and services produced in a country divided by the number of people in the population
Question
Country A has a GDP of 2 trillion US dollars. Country B has a GDP of 4 trillion US dollars
Country A has a GDP per capita of $70,000. Country B has a per capita GDP of $50,000.
How is it possible that country B has a lower per capita GDP but a higher GDP?
Economy
Developed High GDP (Gross
Domestic Product) High GDP per capita Limited poverty Lots of international
trade Commercial
agriculture
Developing Low GDP Low GDP per capita Wide spread poverty Limited international
trade Subsistence
agriculture or commercial agriculture
Countries with a per capita GDP of US$11,905 and less are defined as developing (specified by the World Bank, 2013). Afghanistan = $678.00China = $6,807US = $53,142Luxembourg = $111,161
Infrastructure(system of roads, ports, and other facilities needed by a modern economy)
Developed Many paved highways,
roads, bridges Many airports, sea
ports, hospitals, and power plants
Developing Few and/or unsafe
roads, bridges, etc.
Health
Developed Clean water easily
accessible Few infectious
diseases Widely available health
care Low infant mortality
rate High life expectancy
Developing Contaminated well
water Many infectious
diseases Limited access to
health care High infant mortality
rate Low life expectancy
Education
Developed Generally free Universal (for everyone) Compulsory (required) High literacy rate
Developing Fees are common Restricted Optional Low literacy rate
Demographics
Developed Aging population Slow growth (low
birthrate) Growth through
immigration
Developing Young population Explosive growth (high
birthrate) Why is the birthrate
higher in developing countries?
Higher infant mortality rates
Support family – subsistence farming and pensions
Family planning
Government
Developed Rule of Law (everyone
punishable by the same set of rules)
Typically, democratic, but not necessary
Developing Inconsistent
enforcement of laws Chaotic or unstable
government Coup