What Does it All Mean?
Refers to the interconnectedness and process “by which people of the world are incorporated into a single world society”.
What is globalization?
This measures the total amount of production in a country divided by the population.
What is GDP per capita?
This states that there is a single way for countries to modernize and develop and that is to follow in the footsteps of development nations.
What is Modernization Theory?
This IGO is responsible for settling disputes between countries over trade issues.
What is the World Trade Organization (WTO)?
These are generally considered aspects of political factors...
What are conflict, mismanagement and/or corruption?
Suggests that all people, or groups of people, are seen as having different intrinsic values.
What is inequality?
The total amount of money earned by a nation's people and businesses, both inside and outside the country's or region's borders.
What is GNI?
This was created as a reaction and criticism of Modernization Theory
This group is responsible for setting out many of the development strategies for countries since WWII.
What is the International Monetary Fund (IMF)?
The 3 components of economic development.
What is trade, infrastructure and debt?
Ensuring that present actions to improve the lives of human beings and the environment should endure for future generations
What is sustainability?
A summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living
A theory that believed the world is divided into the Global North and Global South and has it's roots in Marxism.
What is the World System's Theory?
This group is responsible for funding many of the development projects throughout the world.
What is the World Bank?
One of the three aspects of social factors that impact development.
What is religion, gender equality and/or soft power?
Refers to a sustained increase in the standard of living and well-being of a level of social organization
A measure of sustainable wellbeing, ranking countries by how efficiently they deliver long, happy lives using our limited environmental resources.
What is the Happy Planet Index (HPI)?
This emerged in the 1980's and said that development should grow from Foreign Direct Investment rather than government investment. (Banks, MNC’s, and Private Capital)
What is neoliberalism?
What is Sri Lanka?
These contribute to environmental factors of development.
What is geography (location) and climate?
A call for scaling down state intervention and allowing free markets to encourage development.
What is neoliberalism?
A measure of income distribution across a population, expressed as a number between O (perfect equality) and 1 (perfect inequality).
What is the Gini Coefficent?
These were consequences of policies that removed trade barriers, devalued currencies, allowed for subsidies and privatized many public services (healthcare, education, waste management)
What are Structural Adjustment Programs (SAP's)
This country had devastating floods which set it's development progress back 40-50 years.
What is Pakistan?
The policies of the IMF, World Bank and WTO contribute to this factor of development.
What are institutional factors?