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What does the term LEDC stand for?
All countries classified as MEDCs have a very high Human Development Index (HDI).
True
Name one example of a Newly Industrialised Country (NIC).
South Korea
Countries that have moved away from an agriculture-based economy and into a more industrialized economy are called __________.
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Match the following terms to their definitions:
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Which of the following is NOT a characteristic of LEDCs?
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The line that divides the richer north from the poorer south is parallel to the equator.
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What organization was founded in 1961 to stimulate economic progress and world trade?
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What does Rostow’s model of development suggest about all countries?
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Sustainable development meets current needs without compromising future generations' ability to meet their own needs.
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Define micro-scale development.
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A country with low birth, death, and infant mortality rates is classified as a _____ country.
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Match the following terms with their definitions:
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Which of the following best describes the sustainable development model?
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Newly Industrialized Countries retain primarily agriculture-based economies.
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What are social indicators?
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Which of the following best describes the Core and Periphery model?
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The Brandt line separates industrialized countries from developing countries.
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What are two indicators of development?
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The _____ model emphasizes the need for economic, social, and environmental sustainability.
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Match the following development terms with their definitions:
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Which of the following is a characteristic of sustainable development practices?
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Trade barriers and subsidies can negatively affect developing countries' economic growth.
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What does the term 'globalization' refer to in the context of development?
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Study Notes
Development Terminology
- Brandt Line: Divides richer Northern Hemisphere countries from poorer Southern Hemisphere countries, not parallel to the equator.
- Commodity: Goods traded in large quantities, often raw materials like oil or agricultural products
- Core & Periphery Model: Explains economic growth concentrated in a dominant core, with less developed periphery reliant on the core. Development diffuses over time, potentially developing the periphery.
Development Status
- MEDCs (More Economically Developed Countries): Developed countries with high economic development.
- LEDCs (Less Economically Developed Countries): Developing countries with lower economic development
- Newly Industrialised Countries (NICs): Transitioning economies between developed and developing, moving from agriculture to industrialization. Examples: South Korea, Singapore, Taiwan, Malaysia (Asian Tigers)
Economic & Social Development Indicators
- Gross National Product (GNP): Total value of goods and services produced by a country's citizens, regardless of location. Per capita GNP (per person per year) is a common measure of national wealth.
- Gross Domestic Product (GDP): Total value of goods and services produced within a country’s borders.
- Human Development Index (HDI): Measures a country's achievements in areas like life expectancy, education, and income.
- Gini Coefficient: Measures income inequality within a country. A higher coefficient indicates greater inequality.
- Life Expectancy: Average number of years a person is expected to live in a particular geographic location
- Infant Mortality Rate: Number of deaths of infants under one year of age per 1,000 live births
- Quality of Life (QOL): General well-being of individuals and societies
- Standard of Living: Level of wealth, comfort, material goods and necessities available to a socioeconomic class in a specific area.
Development Models
- Rostow's Model of Development: Linear model suggesting all countries can reach development through five stages of growth. Focuses primarily on economic growth.
- Sustainability Model: Combines economic, social, and environmental development with the goal of meeting current needs without compromising future generations.
International Trade and Development
- Free Trade: Trade between countries without restrictions or barriers
- Trade Barriers: Restrictions imposed on the movement of goods between countries, such as tariffs or quotas.
- Subsidies: Financial support provided by a government to domestic industries.
- Fair Trade: Trade that aims to ensure fair prices and working conditions for producers, particularly in developing countries.
- Terms of Trade: Value of a country's exports relative to its imports.
Globalisation & Development
- Globalisation: Interconnectedness of countries and their economies through trade, technology, and cultural exchange. Can have both positive and negative impacts on development.
Development Issues & Opportunities
- Access to Resources: Availability of natural resources (water, land, minerals) can influence a country's development path.
- Energy: Access to reliable and affordable energy is crucial for economic growth.
- History: Past colonization, conflict, and political instability can hinder development progress.
- Trade Imbalances: Uneven trade relationships can disadvantage developing countries.
- Population Growth: Rapid population growth can strain resources and infrastructure.
- Education and Training: Investment in education and skills development is essential for economic development.
- Natural Resource Limitations: Depletion of natural resources can impact economic growth.
- Environmental Degradation: Pollution and habitat loss can jeopardize development gains.
- Community Based Development: Local communities are involved in planning and implementing development initiatives.
- Rural Development: Focuses on improving livelihoods and opportunities in rural areas.
- Urban Development: Focuses on managing growth and development of cities and urban areas.
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Description
Test your knowledge on key development terminology and classifications, including the Brandt Line, MEDCs, LEDCs, and NICs. Explore concepts like the Core & Periphery Model and various economic indicators. This quiz will enhance your understanding of global development issues.
