Broad Categories of Development
MEDC: More Economically Developed Country (Japan, UK, USA).
LEDC: Less Economically Developed Country (Tanzania, Solomon Islands).
NIC: Newly Industrialised country (India, Brazil, China).
These are often used to measure development but they have some serious limitations. They give an average for the country and don´t highlight significant inequalities. They don´t give any clear indication about the actual welfare for residents (their standard of living).
These are a few of the social indicators that are often used to give an indication of the standard of living in a country. Taken on their own they again give a limited indication of development in country.
Human Development Index
This is a composite index that aims to take into account both economic and social factors to give a single value. Its component factors are:
It is generally regarded as giving a better indication of development but still has some limitations. Statistics are often hard to come by and many other important considerations are omitted (such as impact on the environment).
Gap Minder Activity
Objective: Explain disparities and inequities that occur within countries resulting from ethnicity, residence, parental education, income, employment (formal and informal) and land ownership.
Millenium Development Goals
Objective: Examine the progress made in meeting the Millennium Development Goals (MDGs) in poverty reduction, education and health.
Debt Relief and HIPCs
World Trade Blocs
Read pages 44 & 45, complete Qs a,b,c.
Aid agencies play an important role in reducing disparities in development. Many aid organisations are NGOs.