Flashcards
27. Economic Development & Growth
Flashcards do conjunto (18)
- 1Define economic growthAn increase in GNP per capita
- 2List 3 advantages to economic growthBetter standard of living.
Greater freedom and choice.
More employment.
Increased opportunity for enterprise.
Reduced poverty.
Emigrants have the chance to return home. - 3List 3 disadvantages to economic growthDamage to environment.
Creates a materialistic society.
Unequal benefits (economic dualism).
Money cannot buy happiness, it can only make things possible. - 4Define economic developmentAn increase in GNP per capita, resulting in a fundamental change in the structure of society
- 5List 3 "fundamental changes" in societyChanges in farming methods
A movement from rural to urban areas
Change in type of work - 6What is the name of the economist who came up with stages of growth?W.W Rostow
- 7State and explain the first stage of Economic Growth (Initial state)"Traditional Society"
(Low output per worker)
(Poor infrastructure)
(Self-sufficient-little im/exports) - 8State and explain the second stage of Economic Growth (Aspirations)The Preconditions for Take-Off
(Desire to emulate affluent societies)
(Culture becomes more hopeful of change)
(Industrialisation begins) - 9State and explain the third stage of Economic Growth (Happening)The Take-Off
(Greater applic. of technology in farming)
(Incomes rise, consumer demand rises too)
(Economic growth becomes self-sustaining) - 10State and explain the fourth stage of Economic Growth (Furthering)The Drive to Maturity
(Continued rise in investments)
(Continued urbanisation)
(Gov. expands public sectors and social welfare) - 11State and explain the fifth stage of Economic Growth (The top)The Age of Mass Consumption
(High income per capita)
(Expansion of suburbs)
(Development in electronic infrastructure) - 12List 3 problems with Rostow's theoryDevelopment rarely follows such a clear path.
Each country's problems are unique.
Investment doesn't have to come from within a country.
Countries often progress then stagnate. - 13Define a LDCA country that shows the lowest indicator of socioeconomic development.
- 14In an LDC, income per person is...Low
- 15Population growth in LDCs is...Rapid
- 16Who owns the majority of the wealth in an LDC? What is this known as?A small ruling elite
(Economic dualism) - 17What should governments of LDCS prioritise for economic growth?Education
- 18What is essential for economic growth to take place?Peace & Political Stability
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- Test your knowledge of Economic Development & Growth with these flash cards!
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- Criado por jackexamtime · 8 mar 2015
- Copiado por eleanor.adamandi · 8 mar 2015
- Copiado por samstevenson2014 · 8 mar 2015
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