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Chapter 35

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2 views4 pages

Chapter 35

Uploaded by

anaygoyal2009
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Chapter 35: Differences in Economic Development

Between Countries (Detailed Notes)


1. What is Economic Development?
Definition

Economic development is the improvement in living standards and quality of life, including income,
education, healthcare, and freedom of choice.

It goes beyond just increasing GDP — it focuses on well-being and opportunity.

2. Indicators of Economic Development


1. GDP per capita (income)

 Measures average income per person


 Limitation: Doesn’t show income distribution

2. Life Expectancy

 Reflects healthcare, nutrition, and sanitation


 Higher = better development

3. Infant Mortality Rate

 Number of infant deaths per 1,000 births


 Lower = better healthcare

4. Literacy Rate

 % of people who can read and write


 Indicates quality of education system

5. Human Development Index (HDI)

 Combines:
o Income (GNI per capita)
o Education (years of schooling)
o Life expectancy
 Value between 0 (lowest) and 1 (highest)

3. Causes of Differences in Development Between Countries


A. Natural Resources

 Countries rich in oil, minerals, or fertile land often develop faster


 BUT: Overdependence on resources → resource curse
B. Education and Skills (Human Capital)

 Educated population → higher productivity


 Poor countries may lack schools, teachers, or training systems

C. Healthcare

 Healthy workers = productive workers


 High disease burden (e.g. malaria, HIV) lowers development

D. Infrastructure

 Roads, power, internet, ports


 Poor infrastructure = lower business efficiency

E. Political Stability and Institutions

 Stable governments = better policy and investment climate


 Corruption or conflict reduces development

F. Level of Investment

 More investment = better capital (factories, machines)


 Poor countries struggle to attract foreign direct investment (FDI)

G. Access to Technology

 Improves productivity and efficiency


 Many developing countries have outdated technology

H. Geography and Climate

 Landlocked countries may face high transport costs


 Tropical climates may suffer from disease or natural disasters

I. Population Growth

 High growth = pressure on jobs, food, services


 Can result in youth unemployment and poverty

4. Consequences of Underdevelopment
 Poverty
 Poor healthcare and education
 Unemployment
 Low productivity
 Dependence on aid
 Brain drain (emigration of skilled workers)
 Debt from foreign borrowing

5. Strategies to Reduce Development Gaps


A. Aid
 Bilateral (government to government) or multilateral (via organisations like World Bank)
 Can fund schools, hospitals, infrastructure
 Risk: dependency or corruption

B. Trade and Globalisation

 Export-led growth helps countries like China, Vietnam


 Requires competitiveness and market access

C. Encouraging FDI

 Brings capital, technology, and jobs


 Requires stable policies and investor protection

D. Education

 Improves workforce productivity


 Long-term investment with high returns

E. Healthcare

 Reduces disease burden


 Improves labour force strength

F. Microfinance and Local Entrepreneurship

 Small loans to start local businesses


 Encourages grassroots economic activity

G. Debt Relief

 Reduces pressure on government budgets


 Can redirect money to social development

6. Evaluation and Conclusion (8-Mark Essay Points)


Benefits of Development Strategies

 Aid can support infrastructure


 Trade opens opportunities for growth
 FDI creates jobs and skills

Limitations

 Aid may be misused


 Trade may favour richer countries
 FDI may exploit cheap labour

Conclusion: A mix of policies is needed. Long-term development requires investment in people


(education, healthcare) and institutions, not just money or trade deals.
⭐ Exam Tips
 Always define “economic development” and use examples
 For 6/8 mark answers:
o Use 2–3 well-explained causes
o Include real-world examples
o Give a balanced evaluation
 Use terms like:
o HDI, infrastructure, brain drain, FDI, trade barriers

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