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
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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
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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
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INFRASTRUCTURE-The basic support systems needed to keep an
economy going including power, communications, transportation, water, sanitation, and education systems.
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THERE ARE SIX STANDARDS
USED TO DETERMINE ECONOMIC DEVELOPMENT
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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?
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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
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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
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Would you expect a positive or negative correlation between
literacy rates and infant mortality rates? Explain.
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4) ENERGY USE
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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?
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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.
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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
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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
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WHAT ARE THE PROBLEMS FACED BY LDC’s?
therefore…
WHAT ARE THE IMPACTS OF LDC’s
ON THE GLOBAL ECONOMY?