development unit summary

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Development indicators

eg. GDP, HDI, literacy rate

know pros and cons

-> GDP pros: comparable, cons: only takes money into consideration

-> HDI pros: composite (3 indicators in one)

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Development models

core and periphery model

- periphery eg. African countries

- semi-periphery eg. China

- core eg. USA

goods:

- periphery: raw materials

- core: value added goods

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Reasons for inequalities and disparities

inequality / disparity: when there is a difference in th way people are treated or paid or there is a difference in the amount of money and possessions they own.

case study: Ghana

- drought , 3 million people lack access to safe water -> resort to unsafe and contaminated water sources -> risk contracting water borne diseases eg. cholera -> less economically active & lower productivity -> slow down development

- debt that government must pay back -> less investment in developing education, medical healthcare, infrastructure -> limiting development in tertiary sector as there are a lot of unskilled labourers

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