levels of economic development levels of economic development are measured in goods and services...
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Levels of Economic Levels of Economic DevelopmentDevelopment
Levels of economic development Levels of economic development are measured in goods and are measured in goods and
services available in a country.services available in a country.
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InfrastructureInfrastructure
Basic support systems needed to Basic support systems needed to keep an economy going, including keep an economy going, including power, communications, power, communications, transportation, sanitation, and transportation, sanitation, and education systems.education systems.
The more sophisticated the The more sophisticated the infrastructure, the more developed infrastructure, the more developed the nation.the nation.
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Measuring Economic Measuring Economic DevelopmentDevelopment
IndicatorsIndicators
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Per capita incomePer capita income
The average amount of money The average amount of money earned by each person in a country.earned by each person in a country.
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Gross National ProductGross National Product
GNP is the total value of all goods and GNP is the total value of all goods and services produced services produced byby a country over a a country over a year.year.
Because economies have become so Because economies have become so interconnected, the GNP may contain the interconnected, the GNP may contain the value of goods produced in another value of goods produced in another country by a company based in the home country by a company based in the home land. For example, shoes produced in land. For example, shoes produced in Thailand by an American company would Thailand by an American company would be part of the U.S. GNP.be part of the U.S. GNP.
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Gross Domestic ProductGross Domestic Product
All goods and services produced All goods and services produced withinwithin a country. a country.
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Developing NationsDeveloping Nations
Have a low GDP and limited Have a low GDP and limited economic developmenteconomic development
Lack an industrial baseLack an industrial base Struggle to provide residents with Struggle to provide residents with
items to meet their basic needsitems to meet their basic needs
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Developed NationsDeveloped Nations
High per capita incomeHigh per capita income Varied economy – they do not Varied economy – they do not
depend on just one resource for their depend on just one resource for their economic needseconomic needs
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Nation in TransitionNation in Transition
Moving from developing to Moving from developing to developeddeveloped
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UN Human Development IndexUN Human Development Index (HDI)(HDI)
The HDI measures the average achievements in a The HDI measures the average achievements in a country in three basic dimensions of human country in three basic dimensions of human development:development:
A long and healthy life, as measured by life A long and healthy life, as measured by life expectancy at birth. expectancy at birth.
Knowledge, as measured by the adult literacy Knowledge, as measured by the adult literacy rate (with two-thirds weight) and the combined rate (with two-thirds weight) and the combined primary, secondary and tertiary gross enrollment primary, secondary and tertiary gross enrollment ratio (with one-third weight). ratio (with one-third weight).
A decent standard of living, as measured by GDP A decent standard of living, as measured by GDP per capita (this figure can be deceiving in per capita (this figure can be deceiving in countries where there is a large disparity countries where there is a large disparity between the rich and the poor.between the rich and the poor.
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2004 report2004 reportTop thirty countriesTop thirty countries
Norway Norway Sweden Sweden Australia Australia Canada Canada Netherlands Netherlands Belgium Belgium Iceland Iceland United States United States Japan Japan Ireland Ireland Switzerland Switzerland United Kingdom United Kingdom Finland Finland Austria Austria Luxembourg Luxembourg
France France Denmark Denmark New Zealand New Zealand Germany Germany Spain Spain Italy Italy Israel Israel Hong Kong SAR (PRC) Hong Kong SAR (PRC) Greece Greece Singapore Singapore Portugal Portugal Slovenia Slovenia South Korea South Korea Barbados Barbados Cyprus Cyprus
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Bottom 10 countriesBottom 10 countries
Democratic Republic of the Congo Democratic Republic of the Congo Central African Republic Central African Republic Ethiopia Ethiopia Mozambique Mozambique Guinea-Bissau Guinea-Bissau Burundi Burundi Mali Mali Burkina Faso Burkina Faso Niger Niger Sierra Leone Sierra Leone
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Indicators for an average familyIndicators for an average family
The following statistics and The following statistics and photographs portray the average photographs portray the average family in countries throughout the family in countries throughout the world.world.
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Developed, Developing or In-Developed, Developing or In-Transition?Transition?
6.5 children per family6.5 children per family Life expectancy: 45Life expectancy: 45 Infant mortality: 117 per 1000Infant mortality: 117 per 1000 Literacy: 46%Literacy: 46% 1 Radio, 0 telephones, 0 TV, 1 bike1 Radio, 0 telephones, 0 TV, 1 bike Per capita income - $290Per capita income - $290
South Africa, Germany or Mali?South Africa, Germany or Mali?
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MaliMali
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Life expectancy: 43Life expectancy: 43 Infant mortality: 62 per 1000Infant mortality: 62 per 1000 Literacy: 85%Literacy: 85% Average number children: 2.24Average number children: 2.24 Size of home 400 s.f.Size of home 400 s.f. 1 radio, 1 TV (broken)1 radio, 1 TV (broken) No carNo car Per capita income $2780Per capita income $2780
Developed, Developing or In-Developed, Developing or In-Transition?Transition?
South Africa, Egypt or Japan?South Africa, Egypt or Japan?
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South AfricaSouth Africa
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1.39 children per family 1.39 children per family Life Expectancy: 80Life Expectancy: 80 Infant mortality: 3.5 per 1000Infant mortality: 3.5 per 1000 Literacy: 99%Literacy: 99% 3 radios, 1 telephone, 1 TV, 1 3 radios, 1 telephone, 1 TV, 1
computer, 1 microwave, 1 car, 3 bikescomputer, 1 microwave, 1 car, 3 bikes Per capita income $34,510Per capita income $34,510
Developed, Developing or In-Developed, Developing or In-Transition?Transition?
China, Haiti or Japan?China, Haiti or Japan?
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JapanJapan
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1.7 children per family1.7 children per family Life expectancy: 72 Life expectancy: 72 Infant mortality: 24 per 1,000Infant mortality: 24 per 1,000 Literacy: 91%Literacy: 91% 2 radios, 0 TV, 0 car2 radios, 0 TV, 0 car Per capita income $1100Per capita income $1100
Developed, Developing or In-Developed, Developing or In-Transition?Transition?
Egypt, England or China?Egypt, England or China?
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ChinaChina
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2 children per family2 children per family Life expectancy: 77Life expectancy: 77 Infant mortality: 7 per 1000Infant mortality: 7 per 1000 Literacy: 97%Literacy: 97% 3 radios, 5 telephones, 2 TV, 1 3 radios, 5 telephones, 2 TV, 1
computer, 2 carscomputer, 2 cars Per capita income: $37,610Per capita income: $37,610
Developed, Developing or In-Developed, Developing or In-Transition?Transition?
United States, Mexico or Brazil ?United States, Mexico or Brazil ?
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United StatesUnited States
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3 children per family3 children per family Life expectancy: 75Life expectancy: 75 Infant mortality: 21 per 1000Infant mortality: 21 per 1000 Literacy: 91%Literacy: 91% 0 telephone, 1 TV, 2 stereos, 1 VCR, 0 telephone, 1 TV, 2 stereos, 1 VCR,
0 car0 car Per capita income $6230Per capita income $6230
Developed, Developing or In-Developed, Developing or In-Transition?Transition?
Germany, Mexico or Canada ?Germany, Mexico or Canada ?
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MexicoMexico
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5 children per family5 children per family Life expectancy: 54Life expectancy: 54 Infant mortality: 73 per 1000Infant mortality: 73 per 1000 Literacy 53% Literacy 53% 0 radio, 0 telephone, 0 TV, 0 car0 radio, 0 telephone, 0 TV, 0 car Per capita income: $430Per capita income: $430
Developed, Developing or In-Developed, Developing or In-Transition?Transition?
Austrailia, Haiti or Italy ?Austrailia, Haiti or Italy ?
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HaitiHaiti
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1.5 children per family1.5 children per family Life expectancy: 77Life expectancy: 77 Infant mortality: 4.7 per 1000Infant mortality: 4.7 per 1000 Literacy: 100%Literacy: 100% 3 radios, 1 TV, 1 VCR, 1 car3 radios, 1 TV, 1 VCR, 1 car Per capita income: $25,250Per capita income: $25,250
Developed, Developing or In-Developed, Developing or In-Transition?Transition?
Russia, Germany or Afghanistan ?Russia, Germany or Afghanistan ?
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GermanyGermany