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differences, Why is there difference between countries, Core and periphery…
differences
MEDC
Newly industrialized countires
rapid and successful industrialization
welcoming government (foreign investment)
Advantage geographical
availability of bank loans
higer rate of saving and incestment
open economies
temperate climate so easier to farm
formal job sector like teacher
LEDC
Landlocked countries slower cause they have less transport and resources
Tropical or desert like as the condition of land isn't that good for farming
Higher chances of natural disasters
close economies
more corruption
late independance, so they might have suffered from brutal dictatorship
Informal job sector
Why is there difference between countries
regional difference
e.g. landlock or centered and near the coast
urban or rural as urban area attract more invesment
different income being together
types of jobs with tertiary with a higher income e.g. government works and farmers
family background leading to education
GINI = measurement of income inequality
Core and Periphery
Core is where it is more urban and so more development Is taken place and more migration so as more incestment
Core: mostly have flat land, good transport link, education
Core and periphery