Why is GDP per capita not entirely indicative of development?
based on average wealth. not distribution. 1/5 of US population is poor.
come from the earth. agriculture, mining, fishing. lacks structural capacity for workers to change to other jobs. mother nature effects these jobs a lot.
Why is it important we don't have to grow our own food like in China and India?
we can work elsewhere.
financing and what are key because they pay for machinery and other what?
investments, other technology
Availability of raw materials and energy resources indicates what?
potential, not actual development.
Smaller ratios of goods to people in MDCs is good. what does this indicate?
wealth and generation of more wealth.
LDC's products are less essential. Why isn't the ratio very high?
more people are focused on survival.
Why are have nots in LDCs denied access to these goods?
no communication to the outside world, corruption, censorship.
What is the outcome of excess GNP going to schools, healthcare and social services?
higher social indicators of development in education.
why do many MDCs spend less percent of their total GNP on education than LDCs do?
LDCs have less GNP to begin with, and they spend far less per pupil.
Infant mortality rate
MDC 1 percent die the first year. US 6:1000
LDC 10 percent die the first year. Mali 119:1000
4 health indicators
1. person/ physician
2. hospital beds/ person US 1:365 Mali 1:18,000
3. calorie intake. >2300
4. public assistance. food stamps
LDC the dependency ratio is high because of younger/older ______ segments in society.
CDR not an indicator of development why?
better healthcare so there are more old people. CDR is higher because old people die faster
Why is mortality rate for woman in childbirth an indicator for development?
less women die when giving birth in an MDC
agriculture is lagging. resources going to W. Europe. carrying capacity goes down due to climate. farmers have the ability but not the resources to succeed.
GDI- which country has the highest?
Which countries have the lowest?
what is the economic indicator?
what is the social indicator?
what is the demographic indicator?
education and literacy
Female baby in an MDC lives on average 6 years longer than male in MDC. Why?
women take better care of themselves. also have jobs that don't involve danger. LDCs the gap is only a year or two
indicators for GEM. 2 indicators
1. the economic indicators are income and professional jobs
2. political indicators are managerial jobs and elected jobs
LDCs promote self-sufficiency
gov. regulates growth
spreading the wealth
inefficiency and corruption
LDCs increase international trade
persian gulf asset- oil
Four dragons- S. Korea, Singapore, Taiwan, Hong Kong
Their greatest asset- labor force
uneven resource distribution
increases dependence on MDCs
in spite of the pitfalls of increasing international trade, why is it the preferred approach?
forced trade agreements
How is development to be financed?
-loans from MDCs rich people, banks, microloans
-wealthy nations can cancel or refinance debt in exchange for structural adjustment programs
-transnational corporations can contribute financing but mostly goes from MDC to MDC