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19 Cards in this Set
- Front
- Back
- 3rd side (hint)
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What is economic growth ? |
-National income - out of a country -gdp n gnp -indictates performance $ |
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Economic development |
- improved Q.O.L Eg heath and edu. |
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Human development |
> people's ability to reach their true potential by creating a good environment to improve lives |
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4 Pillars of human development |
Equity, sustainability, productivity, empowerment |
2EPS |
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GDP vs GNP |
GDP- Total value of goods+ services WITHIN a country's borders GNP- GDP + nationals aboard (remittance) |
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Use of GDP and GNP |
1. Measure performance of economy 2. Stats help w/ govt spending 3. Stats attract foreign investors 4. Measure how much R+R the country is receiving |
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Disadvantages of GDP and GNP |
1. No acc. of enviro. degrad. 2. No acc. -in equality in income dis. 3. No acc - poverty levels. 4. No acc- unpaid work 5. No acc- under ground economy |
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Use of GDP stats |
1. Note trends 1/4 2. How well is country is doing globally 3. Govt- determine policies 4. Investors |
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GINI COEFFICIENT |
1 - high inequality 0 - low inequality INCOME dis. |
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HDI |
-healty -edu -S.O.L |
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HDI- monitors what? |
1. Literacy rates 2. Healthcare 3. Infant mortality rates 4. Gender equality in edu |
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Limitations of HDI |
No acc of: -crime racial inequality Religious persecution Political persecution |
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Uses of GINI COEFFICIENT |
measures inequality Assists policy makers Justify to international leaders why a loan is required Track changes in Inc. Dis |
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Indicators of productivity levels |
1. Technology 2. Women in labour force 3. Literacy 4. Quality of goods produced |
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Good governance |
- accountability + transparency -protect rights of citizen - eliminate discrimination -uni adult suffrage |
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Environmental factors |
Modernizing but not at the expense of the enviro |
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Gender empowerment measure |
1. Political participation 2. Economic " 3. Power over economic resources |
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Sustainable development goals 2030 |
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17 |
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Internet penetration |
Access to internet n integration of ICT knowledge of global events E govt services Online shopping n classes |
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