economic development developed nations- nations with the highest standard of living ex. us, japan,...
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ECONOMIC DEVELOPMENTDEVELOPED NATIONS-
Nations with the highest standard of living
Ex. US, Japan, Canada, Australia, New Zealand
TRANSITIONAL ECONOMIES (DEVELOPING NATIONS)-Nations that have moved (or are moving) from a
command economy to a market economy
Ex. China, Russia, and a number of E. European countries
LESS DEVELOPED COUNTRIES (LDCs)-These countries have a lower GDP, less well
developed industry, and a lower standard of living
Ex. Many African, South American, and Eastern European countries
INFRASTRUCTURE-The basic support systems needed to keep an
economy going including power, communications, transportation, water, sanitation, and education systems.
THERE ARE SIX STANDARDS
USED TO DETERMINE ECONOMIC DEVELOPMENT
1) PER CAPITA GDP-A nation’s overall GDP divided by population
Ex. GDP of the US is over $40,000 (among the highest)GDP of Tanzania (E. Africa) is $700 (among the
lowest)
Which continent is the least developed? Which continents have no countries in the top per capita GDP?
2) HEALTH-• Infant Mortality Rate – the number of children who die
within the first year of life per 1,000 live birthsEx. Japan 3; Angola 185 (SW Africa)
• Life Expectancy – the average number of years a person could expect to live Ex. Japan 82; Angola 39
Developing nations and healthcare:
http://www.youtube.com/watch?v=VAT27Zzoktc&feature=related
3) EDUCATION-• Literacy Rate – the percentage of people over 15 that
can read or writeEx. Japan – 99%; Somalia’s – 38% (NE Africa)
• Human Development Index (HDI) – combination of a nation’s real GDP per capita, life expectancy, adult literacy rate and student enrollment figures
Would you expect a positive or negative correlation between
literacy rates and infant mortality rates? Explain.
4) ENERGY USE
5) CONSUMPTION OF GOODS AND SERVICES
ELECTRICTY CONSUMPTION IN MILLION kWh
What does electricity consumption tell us about the consumption of goods in each country?
6) LABOR FORCEWhat kind of jobs do most of a nation’s workers find
themselves employed?
Turn to page 550 in your textbook and read about Botswana and answer questions 1 & 2.
HOW DO LDC’s IMPACT THE GLOBAL ECONOMY?
FOOD, FUEL, FINANCE
http://www.youtube.com/watch?v=1x1JUTkw66Q
IMPACTS ON DEVELOPING AND DEVELOPED COUNTRIES
http://www.youtube.com/watch?v=_3XEAFqnVOk&feature=channel
A LOOK AT CENTRAL AFRICA REPUBLIC (CAR)
STREET CHILDRENhttp://www.youtube.com/watch?v=ZDJ5TSHIGO4&feature=fvsr
EVEN WITH DIAMOND MININGhttp://www.youtube.com/watch?v=3DuFAnHw4uI&feature=channel
THE REBELS IN CARhttp://www.youtube.com/watch?v=a6SA0zcJZOY&feature=channel
A FAMILY IN CARhttp://www.youtube.com/watch?v=FAAnN-OVcsM&feature=related
WHAT ARE THE PROBLEMS FACED BY LDC’s?
therefore…
WHAT ARE THE IMPACTS OF LDC’s
ON THE GLOBAL ECONOMY?