Ch. 4 Classifications of Economic Development PowerPoint PDF

Curriculum Expectations Let’s turn the following expectations into our latest learning goals…… ► Evaluate the advantages and disadvantages in both developed countries and developing countries with regard to business opportunities Classifications of Economic Development Ch. 4...

Curriculum Expectations Let’s turn the following expectations into our latest learning goals…… ► Evaluate the advantages and disadvantages in both developed countries and developing countries with regard to business opportunities Classifications of Economic Development Ch. 4 – Economics and Politics Success Criteria I will be successful when I can…………………… ► Classify different countries into the categories of either developing, economies in transition, or developed. ► Explain the characteristics of each level of development. Contents ► Developing Countries ► Economies in transition ► Developed Countries  Classifications of Development Developing Also known as least-developed countries, characterized by severe poverty and substandard living conditions. Economies in transition Countries that are moving from a centrally planned economy toward a market economy Developed Also known as industrialized or first-world countries, nations that are characterized by a high per capita income or strong gross domestic product. Characteristics of Development Developing Developing Economies in Developed (broad category) (narrow transition category) Severe poverty Improved literacy decreasing role of A reliance Lack of social rates government predominantly services Increased access to privatizing tertiary industries Poor infrastructure health care and other government assets High standards of Low levels of literacy social services, reducing tariffs living Limited access to Technological liberalizing markets High literacy rates technology advancement Might experience Major advancements Vulnerable to natural A move away from a inflation in catastrophe resource-based increased health care and Agriculture- or economy to a unemployment technology resource-based manufacturing base widening income economies Population moving gap Long-term political from rural areas to issues, such as cities dictatorships and war Examples Developing Developing Economies in Developed (broad category) (narrow transition category) Angola Brazil Albania Canada Ethiopia Mexico Serbia United States Cambodia China Montenegro Japan Bangladesh India Ukraine Germany Haiti Israel Australia United Arab United Kingdom Emirates  FDI in Underdeveloped and Developing Countries THINK-PAIR-SHARE 1. What are some advantages of investing in the developing world? 2. What are some disadvantages of investing in the developing world? Success Criteria I will be successful when I can…………………… ► Classify different countries into the categories of either underdeveloped, developing or developed. ► Explain China’s Belt and Road Initiative China’s Belt and Road Initiative BBB4M What is the Belt and Road Initiative? ► China’s Belt and Road Initiative (BRI) is a strategy initiated by the People’s Republic of China that seeks to connect Asia with Africa and Europe via land and maritime networks with the aim of improving regional integration, increasing trade and stimulating economic growth. ► The BRI comprises a Silk Road Economic Belt – a trans- continental passage that links China with southeast Asia, south Asia, Central Asia, Russia and Europe by land – and a 21st century Maritime Silk Road, a sea route connecting China’s coastal regions with southeast and south Asia, the South Pacific, the Middle East and Eastern Africa, all the way to Europe. ► The BRI has been associated with a very large program of investments in infrastructure development for ports, roads, railways and airports, as well as power plants and telecommunications networks. Mapping Activity Ports Cities Railways Colombo Angren Railway Using the map handout: South Harbor Astana Budapest- Doraleh Port Belgrade Belgrade ► Locate the ports Gwadar Port Budapest ► Locate the cities Haifa Port Chengdu Railway Hambantota Chongqing Astana- ► Connect the railways Port Khorgas Moscow ► Connect the ports Khalifa Port Kunming Kumport Lahore Railway ► Add any connections you think would Terminal Moscow Khorgos- make sense Kyaukpyu Multan Astana Deep Sea Pop Tanker Port Sukkur Railway Pop- Add all necessary mapping elements Port Aktau Urumqi Angren ► Title Port of Piraeus Warsaw ► Scale Suez Canal Yiwu Railway Urumqi- ► Legend Chengdu ► Compass Railway Urumqi-