Transcript WHAT FACTORS INFLUENCE THE ECONOMIC DEVELOPMENT OF …

WHAT FACTORS INFLUENCE THE ECONOMIC
DEVELOPMENT OF COUNTRIES?
OBJ: TO DETERMINE THE HOW
WEALTH, HEALTH & EDUCATION
CONTRIBUTE TO A NATION’S
ECONOMIC STATUS
DEVELOPMENT REGIONS
HDI – HUMAN DEVELOPMENT INDEX IS USED TO MEASURE
THE DEVELOPMENT OF EVERY COUNTRY
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WEALTH, HEALTH & EDUCATION
9 REGIONS: 2 DEVELOPED
7 DEVELOPING
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OBSERVATIONS?
WHY DO YOU THINK?
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INCOME: GNI- GROSS NATIONAL
INCOME IS THE VALUE OF THE OUTPUT
OF GOODS & SERVICES PRODUCED IN
A COUNTRY IN A YEAR INCLUDING
MONEY LEAVING & ENTERING
PPP – PURCHASING POWER PARITY IS
THE ADJUSTMENT TO GNI TO ACCOUNT
FOR DIFFERENCES AMONG CONTRIES
IN THE COST OF GOODS
GNI PER CAPITA: DIVIDE GNI BY TOTAL
POPULATION TO DETERMINE
INDIVIDUAL’S CONTRIBUTION
VARIATIONS WITHIN A REGION &
COUNTRY
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ECONOMIC STRUCTURE:
PRIMARY, SECONDARY & TERTIARY
SECTORS
DEVELOPED & DEVELOPING
COUNTRIES VARY IN TERMS OF TYPES
OF JOBS THAT CONTRIBUTE TO GNI
EXAMPLES?
PRODUCTIVITY: VALUE OF A
PARTICULAR PRODUCT COMPARED
TO THE AMOUNT OF LABOR NEEDED
TO MAKE IT & MEASURED BY VALUE
ADDED PER CAPITA: V.A. IN MFG IS
GROSS VALUE OF A PRODUCT MINUS
THE COSTS OF RAW MATS & ENERGY
DEVELOPED COUNTRIES PRODUCE
MORE W/ LESS BECAUSE….?
INEQUALITY ADJUSTED HDI: MODIFIES
HDI TO ACCOUNT FOR INEQUALITY
WITHIN A COUNTRY
LOWEST SCORES SUB-SAHARAN
AFRICA & SOUTH ASIA
CONSUMER GOODS: CELL PHONES,
CARS, COMPUTERS – HOW DO THESE
CONTRIBUTE TO ECO GROWTH OF A
COUNTRY?
MORE ON $$$$
HEALTH: LIVE LONG & PROSPER
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NUTRITION & MEDICAL
SERVICES
LIFE EXPECTANCY AT BIRTH
IMPORTANT
VARIATIONS W/I REGIONS
DEPENDENCY RATIO
# OF HOSPITALS, HEALTH
CARE PROVIDERS, ACCESS
TO INSURANCE
DOES THE COUNTRY VALUE
HEALTH, USE GNI FOR
IMPROVED HEALTH?
HOW DO COUNTRIES
BALANCE CULTURAL
PRACTICES & BELIEFS &
PROTECT POPULATION?
AIDS? EBOLA & BURIAL
PROCEDURES?
VACCINATIONS?
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QUANTITY OF SCHOOLING: YEARS & EXPECTED YEARS
THE LONGER YOU STAY IN SCHOOL THE BETTER OFF YOU ARE
QUALITY OF SCHOOLING
PUPIL/TEACHER RATIO: FEWER KIDS PER TEACHER = BETTER LEARNING
LITERACY RATE: IS THE PERCENTAGE OF A COUNTRYS PEOPLE WHO
CAN READ & WRITE.
VARIATIONS OF DEVELOPMENT
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VARIATIONS HIGH IN SW ASIA & N.
AFRICA & CENTRAL ASIA – WHY?
WHAT’S THE GREATEST ASSET THESE
REGIONS HAVE?
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BRAZIL, CHINA & MEXICO: SOME OF
LARGEST & MOST POPULOUS
ALL MIDDLE OF THE HDI SCALE
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URBAN, COASTAL, LOCATION
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