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7) Growth and development indicators + Identities and Relationships -…
7) Growth and development indicators + Identities and Relationships
Identities and Relationships
Role of a consumer of products (Identity)
Contribution to the economical growth
Different indicators of development often have direct correlational relationships with each other (eg. political stability, unemployment rate, crime rate)
Relationship between demographic indicators and level of development
eg. fertility rate tends to be lower in more developed countries
Economic Growth/Development indicators
macro indicators
GDP
GNI
Consumption
unemployment rate
CPI (Consumer Price Index)
Purchasing Power Parity
Wealth Disparity
Gini Coefficient
Poverty Rate
engel's coefficient
Economic Complexity
Technological innovation (entrepeunership)
Rostow's stages of economic growth
Human Development Indicators/ UN SDG
Per Capita Income
Social Factors
Life Expectancy
Education Level
Infrastructure
Infant Mortality Rate
Access to resources
Clean Sanitation
access to healthcare
electricity
place to live
nutrition and food
Crime Rate
Demographic transition model
Political Development
level of corruption
institutional capacity
level and quality of government provided welfare
level of assistance to the less privileged
political stability
Environmental Development
Improving human-nature relationships
Sustainability
low carbon future
Clean energy
carbon footprints
Key Concept: Global Interactions
How international trade and aid may affect economic development (eg. aid programs to LEDCs)
Global trade causing labor-intensive production to move to less economically developed countries (eg. Rust Belt)
How aid might lead to dependencies and maintain power imbalances (dependency theory)