economic development developed nations- nations with the highest standard of living

ECONOMIC DEVELOPMENTDEVELOPED NATIONS-

Nations with the highest standard of living

Ex. US, Japan, Canada, Australia, New Zealand

TRANSITIONAL ECONOMIES (DEVELOPING NATIONS)-Nations that have moved (or are moving) from a

command economy to a market economy

Ex. China, Russia, and a number of E. European countries

LESS DEVELOPED COUNTRIES (LDCs)-These countries have a lower GDP, less well

developed industry, and a lower standard of living

Ex. Many African, South American, and Eastern European countries

INFRASTRUCTURE-The basic support systems needed to keep an

economy going including power, communications, transportation, water, sanitation, and education systems.

THERE ARE SIX STANDARDS

USED TO DETERMINE ECONOMIC DEVELOPMENT

1) PER CAPITA GDP-A nation’s overall GDP divided by population

Ex. GDP of the US is over $40,000 (among the highest)GDP of Tanzania (E. Africa) is $700 (among the

lowest)

Which continent is the least developed? Which continents have no countries in the top per capita GDP?

2) HEALTH-• Infant Mortality Rate – the number of children who die

within the first year of life per 1,000 live birthsEx. Japan 3; Angola 185 (SW Africa)

• Life Expectancy – the average number of years a person could expect to live Ex. Japan 82; Angola 39

Developing nations and healthcare:

http://www.youtube.com/watch?v=VAT27Zzoktc&feature=related

3) EDUCATION-• Literacy Rate – the percentage of people over 15 that

can read or writeEx. Japan – 99%; Somalia’s – 38% (NE Africa)

• Human Development Index (HDI) – combination of a nation’s real GDP per capita, life expectancy, adult literacy rate and student enrollment figures

Would you expect a positive or negative correlation between

literacy rates and infant mortality rates? Explain.

4) ENERGY USE

5) CONSUMPTION OF GOODS AND SERVICES

ELECTRICTY CONSUMPTION IN MILLION kWh

What does electricity consumption tell us about the consumption of goods in each country?

6) LABOR FORCEWhat kind of jobs do most of a nation’s workers find

themselves employed?

Turn to page 550 in your textbook and read about Botswana and answer questions 1 & 2.

HOW DO LDC’s IMPACT THE GLOBAL ECONOMY?

FOOD, FUEL, FINANCE

http://www.youtube.com/watch?v=1x1JUTkw66Q

IMPACTS ON DEVELOPING AND DEVELOPED COUNTRIES

http://www.youtube.com/watch?v=_3XEAFqnVOk&feature=channel

A LOOK AT CENTRAL AFRICA REPUBLIC (CAR)

STREET CHILDRENhttp://www.youtube.com/watch?v=ZDJ5TSHIGO4&feature=fvsr

EVEN WITH DIAMOND MININGhttp://www.youtube.com/watch?v=3DuFAnHw4uI&feature=channel

THE REBELS IN CARhttp://www.youtube.com/watch?v=a6SA0zcJZOY&feature=channel

A FAMILY IN CARhttp://www.youtube.com/watch?v=FAAnN-OVcsM&feature=related

WHAT ARE THE PROBLEMS FACED BY LDC’s?

therefore…

WHAT ARE THE IMPACTS OF LDC’s

ON THE GLOBAL ECONOMY?