Flashcards
The Development Gap
Cards in this deck (30)
- 1DevelopmentThe use of natural and human resources to achieve a higher standard of living.
- 2Development indicatorsGDP (Gross Domestic Product) and GNI (Gross National Income)
- 3GDP (Gross Domestic Product)Total value of the goods and services produced by a country in a year.
- 4GNI (Gross National Income)It is like GDP - but also includes money earned from overseas.
- 5Per capitaPer person
- 6PPPPurchasing power parity
- 7CorrelationConnection between two or more things.
- 8Human Development Index (HDI)Life expectancy, Education - both the literacy rate and the average number of years spent at school and GDP per capita PPP.
- 9Standard of livingHow much money people have - so it is measured in GDP per capita.
- 10Informal settlementsThey are also known as slums, shanty towns, or favelas in different part of the world.
- 11Global inequalitiesOther way to describe the fact that our world is unequal.
- 12TradeWhen countries buy and sell goods and services.
- 13ExportsThings they sell to other countries.
- 14ImportsThe goods and services they buy from elsewhere.
- 15Trade balanceThe difference between imports and exports.
- 16Trade surplusThe country becomes richer and people's standard of living improves.
- 17Trade deficitThe country will stay poor, get into debt and people's lives won't improve.
- 18Newly Industrialised Countries (NIC)Countries which have become more important in world trade like Singapore, South Korea and Taiwan.
- 19TariffsTaxes and customs duties paid on imports.
- 20QuotasLimits on the quality of goods that can be imported.
- 21Free TradeWhen countries don't discourage, or restrict, the movements of good with tariffs and quotas.
- 22Trading GroupsThese are countries that have grouped together to increase the amount they trade between them, and the value of their trade.
- 23The World Trade Organization (WTO)Deals with the rules of global trade.
- 24Fair TradeTrade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers.
- 25Highly indebted poor countries (HIPC)Are a group of 38 poorest countries with the greatest poverty and debt. They include Uganda and Honduras.
- 26Conservation Swaps (Debt-for-nature swaps)A deal reached between a country which owes a wealthier country money. The wealthy country cancels the debt as long as the country in debt invests in conservation programmes.
- 27AidWhen a country receives help from another country, or an organisation such as an NGO(e.g. Oxfam), to help it to develop and improve people's lives.
- 28DonorThe country or organisation giving aid.
- 29RecipientThe country receiving the aid.
- 30Non-governmental organisation (NGO)Oxfam or UNICEF
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- GCSE Human Geography (AQA) Flashcards on The Development Gap, created by yusanr98 on 03/04/2014.
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