1. 4.3 ECONOMIC OVERVIEW VOCAB & STATISTICS: Overview
GROUP WORK: My Material World
SM GROUP PRESENTATIONS: Material World
HW: My Material World

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

3. 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

4. % 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.

5. 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

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

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

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

13. 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.

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

15. GROUP WORK

16. 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

17. 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)

18. 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

19. 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

20. 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

21. 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

22. 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

23. 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

24. 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

25. 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

26. 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

27. 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

28. 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.

29. 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

30. 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.

32. 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

33. 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

34. 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

35. 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

37. INDIA

38. JAPAN

39. KENYA

40. USA

41. DEMOGRAPHIC TRANSITION MODEL

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

43. 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

44. URBAN RURAL
Couple in Singapore
Couple in a Malaysian Village

45. URBAN –characteristics of living in a city

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

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

48. DENSE – packed tightly together, crowded

49. SPARSE –
few,
spread out

50. 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

51. 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