4.3 ECONOMIC OVERVIEW VOCAB & STATISTICS: Overview GROUP WORK: My Material World SM GROUP PRESENTATIONS: Material World HW: My Material World

ECONOMIC INDICATORS Statistics that give you clues about a country’s economic strength, healthcare, education & population trends.

INFRASTRUCTURE Facilities and systems serving a country utilities (electricity, clean water, sewage, waste disposal, etc.), transportation (roads, railroads, ports, etc.), communication (phones, internet, etc.), healthcare (health clinics, hospitals, laboratories, etc.) education (K-12, college, job training, etc.) The basic building blocks for a country to have a strong economy they need these

% URBAN POPULATION The percentage of a country’s population living in urban areas. Urbanization is on the rise as people move to cities in search of work. Clue to how industrialized/traditional a country is.

LITERACY RATES The percentage of people who can read and write in a country Tells you how well educated a country is and if they have high-skilled workers or not Also shows how much/ little equality there is between men & women

INFANT MORTALITY RATE Number of infants who die per every thousand births in that country. Gives you insight into how strong/weak a country’s healthcare system is.

LIFE EXPECTANCY The number of years on average a person from that country could expect to live. Another way to see how strong/weak a country’s health care is.

GROSS DOMESTIC PRODUCT (GDP) Total value of all the goods (stuff) and services (help) produced in a country over a year. Tells you whether a country’s economy is going up or down.

PER CAPITA GROSS DOMESTIC PRODUCT (GDP) Total value of all the goods (stuff) and services (help) produced by an average person in a country over a year (NOT how much they earn). This tells you if a country has high-skilled or low-skilled workers.

HUMAN DEVELOPMENT INDEX A measure of economic and social well-being on a scale of 0 to 1 (1 is highest). HDI factors include healthcare, education & income levels . Combines all the other data into one number that’s easy to compare levels of development, economics and social well-being.

LEVELS of ECONOMIC DEVELOPMENT Categories that show where a country is in terms of their standard of living & economic well-being

LESS DEVELOPED COUNTRIES Low economic production Few factories Weak infrastructure (transportation, communication, education & health systems) struggle for basic survival needs.

NEWLY INDUSTRIALIZED COUNTRIES Process of rapid growth (industrialization [increasing number of factories] & urbanization [people move/enlarge cities]) Economy only strong in few area (mostly exports) Gaps in their infrastructure (no clean water, but has the internet) Basic needs are met, but living conditions are simple.

MORE DEVELOPED NATIONS High production levels High standard of living Many strong areas of their economy Well established infrastructures

GROUP WORK

MORE DEVELOPED USA 82% Urban Population 99 / 99 Literacy Rate 77.5 / 82.1 Life Expectancy 99.2% Improved Water Drinking Source $18.57 Trillion $57,400 Per Capita GDP MORE DEVELOPED

MATERIAL WORLD Look up the ECONOMIC INDICATORS of your country to help you. First Impression? Family Size? Urban or Rural? Electricity? Indoor Running Water? Health Care? Education? Wealth? LEVEL of ECONOMIC DEVELOPMENT (Less Developed, Newly Industrialized, or More Developed)

NEWLY INDUSTRIALIZED RUSSIA 74.2% Urban Population M=99.7% / W=99.6% Literacy Rate M=65/ W=76.8 Life Expectancy 96.9% Improved Drinking Water Source $3.751 Trillion $26,500 Per Capita GDP NEWLY INDUSTRIALIZED

LESS DEVELOPED MALI 41.4% Urban Population M=45.1%/ W=22.2% Literacy Rate M=53.9 / W=57.7 Life Expectancy 77% Improved Drinking Water $38.11 Billion $2,300 Per Capita GDP LESS DEVELOPED

NEWLY INDUSTRIALIZED SOUTH AFRICA 62% Urban Population $11,500 Per Capita GDP 29% Under 15 94 / 92 Literacy Rate 58 / 61 Life Expectancy 0.658 HDI NEWLY INDUSTRIALIZED

LESS DEVELOPED BHUTAN 40.1% Urban Population 73.1% / 55% Literacy Rate 69.1 / 70.1 Life Expectancy 100% Improved Drinking Water Source $6.509 Billion $8,200 Per Capita GDP LESS DEVELOPED

LESS DEVELOPED HAITI 60.9% Urban Population M=64.3% / W=57.3% Literacy Rate M=61 .2/ W=66.4 Life Expectancy 57.7% Improved Drinking Water Source $19.5 Billion GDP $1,800 Per Capita GDP LESS DEVELOPED

MORE DEVELOPED JAPAN 91% Urban Population $37,100 Per Capita GDP 13% Under 15 99 / 99 Literacy Rate 80 / 86 Life Expectancy 0.890 HDI

NEWLY INDUSTRIALIZED THAILAND 47% Urban Population $9,900 Per Capita GDP 18% Under 15 96 / 92 Literacy Rate 71 / 78 Life Expectancy 0.722 HDI

UNITED KINGDOM (ENGLAND, SCOTTLAND, WALES) MORE DEVELOPED 80% Urban Population $40,300 Per Capita GDP 18% Under 15 99% / 99% Literacy Rate 79 / 83 Life Expectancy 0.892 HDI

HW: My Material World Worth a QUIZ Grade! DUE DATES: Counts on the first quarter grades DUE DATES: A = Th 10/12 AB = Th 10/12 B = F 10/13

SUBSISTANCE ACTIVITY When a family only produces the food, clothing and shelter for their own needs This is the MAIN economic activity throughout less developed countries

COMMERCIAL AGRICULTURE Large scale farming/ranching, to sell for a profit, often beyond the local area Found in both newly industrialized and more developed countries.

COTTAGE INDUSTRY Small scale production, often done in one’s home, for sale in the local area Found everywhere, but more common in less developed countries

COMMERCIAL INDUSTRY Large scale production, usually in a factory, to be sold beyond the local area Found in both newly industrialized and more developed countries.

NEWLY INDUSTRIALIZED CUBA 77% Urban Population $10,200 Per Capita GDP 17% Under 15 99 / 99 Literacy Rate 76 / 80 Life Expectancy 0.815 HDI

LESS DEVELOPED MONGOLIA 2.3% Urban Population $5,900 Per Capita GDP 28% Under 15 97 / 98 Literacy Rate 64 / 72 Life Expectancy 0.698 HDI

NEWLY INDUSTRIALIZED MEXICO 78% Urban Population $15,600 Per Capita GDP 28% Under 15 95 / 92 Literacy Rate 71 / 77 Life Expectancy 0.756 HDI

MORE DEVELOPED KUWAIT 98% Urban Population $42,100 Per Capita GDP 23% Under 15 95 / 92 Literacy Rate 73 / 75 Life Expectancy 0.814 HDI

INDIA

JAPAN

KENYA

USA

DEMOGRAPHIC TRANSITION MODEL

Why has the world population increased so quickly in the modern era? MODERN MEDICINE Improved Sanitation Increased Agricultural Production Technological Advances & Industrialization

What are 2 ways to stabilize the world population? Education girls/ increased career choices for women/ improved status for women Improved economy & healthcare so families feel confident all their children will survive to adulthood

URBAN RURAL Couple in Singapore Couple in a Malaysian Village

URBAN –characteristics of living in a city

RURAL 1) characteristics of living in the country 2) related to agriculture

PER CAPITA INCOME The average income a person would make in a country Tells you how wealthy/poor an average citizen is

DENSE – packed tightly together, crowded

SPARSE – few, spread out

PERCENTAGE of POPULATION INCREASE Birth Rate – Death Rate (w/o factoring in immigrations) for the most recent year available Shows how fast/slow a country’s population is growing. . . usually countries that grow faster are less developed and countries that grow slower are more developed

POPULATION % UNDER 15 Percentage of the total population that is 15 or under Hints how likely it is whether a country could is politically stable – older folks don’t tell to start uprisings, riots, civil wars or revolutions