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Difference in development - Coggle Diagram
Difference in development
Between Countries
Physical geography
Landlocked countries have generally developed more slowly than coastal ones
small island countirs face considerable disadvantages in development
Tropical countreis have gorwn ore slowly than tjose in temperaye latitudes reflecting the ocst of poor health and unproductive farming
Genourous allocation of natural resources has spurred economic growth
Natural disaster
economic polices
open economies that welcomed and encouraged forign investment
High rate of saving and low spedning relative to GDP
SOme countries benefit whilte in 2015 10% of worlds's population lived on less than $2 per day
Demography
Social
780 million people in poor countries can't read or write
No acces to clean + safe water
WIthin counties
Gini coefficeint : show the extent of income inequality
formal sector
known to the government for tax + other governent offices
infomral sector - part of the econmy operating outside offical recognition