2 There are 3 different types of indicators that can help you decide the development of a country: Economic, Social, and Demographic indicators.
3 Economic: GDP, Technology, Communication, Imports and Exports, Economic Systems, worker productivity, Raw materials (natural resources etc.), Industrial Capabilities, Modes of Farming, and Urban vs. Rural CentersSocial: Education, Health Care, Literacy Rate, Welfare Government TypesDemographic: Life Expectancy, Infant Mortality Rate, Crude birth rate, Population
4 Terms to know when dealing with Nations’ development: The 4 Economic SystemsThe 10 Government typesGDP: total output value of goods and services produced in a country in one yearGNP: includes income people earn abroadEmbargo: one country’s refusal to trade with another countryExport: goods sent to other countriesImport: goods accepted from other countriesIndustry: manufacturing goods in a factoryInfant Mortality Rate: number of infant deaths per 1,000 birthsLife Expectancy: average # of years an infant is expected to liveLiteracy Rate: percentage of a country’s people who can read and write (15 yrs and older)Per-Capita: per personSubsistence Farming: producing food for consumption by familyCommercial farming: producing food for sale off the farm
5 Developed: nations with established agriculture and industry, advanced technology, and strong educational system. $10,000 + GDP per capitaRegion examples: Western EuropeCharacteristics* Mixed/Market Economy * Natural Resources* Democratic Government * High Literacy Rate* Good Education * Major Urban Areas* Good Health Care * Imports and Exports* Manufacturing /Industry * Telephone and Technology* High Life Expectancy * Commercial farming
6 Developing: limited resources that faces obstacles in achieving modern industrial economies E $4,500 - GDP per capitaRegion examples: Sub-Saharan Africa, South East Asia, Latin America, and Middle East***(3/4 of the world)Characteristics:* Command + Free Enterprise * Natural Resources (few)* Subsistence Farming * Low Literacy Rate* Few Manufacturing /Industry * Migration from rural to cities* Poor Education * Mainly Import* Poor Health Services * Little Technology* Poverty & Unemployment * Low Life Expectancy
7 Essential Questions:Why are natural resources and energy important to development?Why is GDP a good economic indicator?What are some geographical patterns when looking at development?Why is a government so influential in development?