Podcast
Questions and Answers
What does the term LEDC stand for?
What does the term LEDC stand for?
All countries classified as MEDCs have a very high Human Development Index (HDI).
All countries classified as MEDCs have a very high Human Development Index (HDI).
True
Name one example of a Newly Industrialised Country (NIC).
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 __________.
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:
Match the following terms to their definitions:
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Which of the following is NOT a characteristic of LEDCs?
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.
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?
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?
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.
Sustainable development meets current needs without compromising future generations' ability to meet their own needs.
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Define micro-scale development.
Define micro-scale development.
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A country with low birth, death, and infant mortality rates is classified as a _____ country.
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:
Match the following terms with their definitions:
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Which of the following best describes the sustainable development model?
Which of the following best describes the sustainable development model?
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Newly Industrialized Countries retain primarily agriculture-based economies.
Newly Industrialized Countries retain primarily agriculture-based economies.
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What are social indicators?
What are social indicators?
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Which of the following best describes the Core and Periphery model?
Which of the following best describes the Core and Periphery model?
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The Brandt line separates industrialized countries from developing countries.
The Brandt line separates industrialized countries from developing countries.
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What are two indicators of development?
What are two indicators of development?
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The _____ model emphasizes the need for economic, social, and environmental sustainability.
The _____ model emphasizes the need for economic, social, and environmental sustainability.
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Match the following development terms with their definitions:
Match the following development terms with their definitions:
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Which of the following is a characteristic of sustainable development practices?
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.
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?
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.
