Ch. 18

1
Economic Development

• Ch. 18

2
Literacy

• Percentage of people who can read and write.
• of people attending college of
  professionals (doctors, lawyers, teachers, etc)

3
Example/Connection

• Wealthier countries have more services for people
  (e.g. schooling, hospitals, etc)

4
Less Developed

• Countries with lower standards of living and less
  advanced technologies.

5
Example/Connection

• Higher birthrate Higher mortality rate
• Higher infant mortality rate
• Shorter life expectancy (i.e. live less long)

6
More Developed

• Countries with advanced economies.
• Higher standards of living advanced technology.

7
Example/Connection

• Lower birthrate lower mortality rate
• Lower infant mortality rate
• Longer life expectancy (live longer)

8
Human Development Index

• Tool for ranking countries based on their level
  of economic development. (created by the United
  Nations 1990)
• Levels are Less Developed, New Industrialized,
  More Developed.
• Uses Demographic, Economic, Social, Political
  Indicators

9
Economic Development

• How advanced a countries economy is
• 
  Wealthy
• 
  (more developed)
• Poverty (less developed)

10
Life Expectancy

• Average number of years an individual in the
  country is expected to live.
• Affected by Poverty level, diet nutrition,
  of doctors and diseases within a population

11
Gross Domestic Product (GDP)

• The total value of all goods and services
  produced by a nation in a year.

12
Example/Connection

• Higher the GDP more developed country
• Lower the GDP per capita income less developed
  country

13
GDP per Capita

• Reflection of the value of goods and services
  produced in a year on average per person in that
  nation.

14
Demographic Indicators

• Demographic indicators relate to a countries
  population.
• Life Expectancy
• Birth Death Rates
• A more developed country has a low birth, death
  (mortality) a low infant mortality rates, and a
  long life expectancy.
• A less developed country has a higher birth rate,
  mortality infant mortality rates, a shorter
  life expectancy
• Infant Mortality Rate
• deaths/1,000 births- b/c of dehydration,
  diarrhea, malnutrition, malaria

15
Economic Indicators

• Economic indicators tell how well an economy is
  performing.
• GDP
• GDP per capita
• Average of __________ per person.
• Cars
• Phones
• Tvs
• Computers

16
Social Indicators

• Wealthier services for people
• Education/literacy rates
• Housing
• H2O supply
• Sanitation

17
Political Indicators

• These indicators include
• the freedoms people enjoy
• the degree of democracy and voting rights
• the level of human rights
• the degree of government oppression
• the tolerance for different points of view

18

• Since 1991- most advanced economies free
  enterprise w/ democratic govt
• Higher economic development strong sense of
  independence personal freedom.

19
Primary Economic Activities

• Basic economic activity includes
• Production of foods
• e.g. farming or ranching
• Extraction of resources
• e.g. logging mining

20
Secondary Economic Activities

• Manufacturing and production of goods
• e.g. textiles, furniture, cars, computers
• Change raw materials into products
• e.g. logs ? planks for furniture
• Iron ore ? steel for goods

21
Tertiary Economic Activities

• Services
• Performed by people and businesses
• e.g. teacher, nurse, doctor, accountant,
  musicians
• In U.S. 80 are tertiary workers- working a
  service job instead of a producing a good.

22
Quaternary Economic Activities

• Activities involving information processing and
  management.
• e.g. computer programmer or general manager of a
  company.