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Differences in Economic Development - Coggle Diagram
Differences in Economic Development
Social
Colonization
HIC countries exploited natural resources
Slowed down development
Governments
Stable governments
Resources allocated to higher scale projects
Infastructure
Develops country further
Health
Education
Population age
Young
May lack education / employment
Hinders economic growth
Environmental
Climate
Regular rainfall
Perfect condition for crops to grow
Droughts
Hard conditions for crops to grow in
Diseases
Some diseases thrive in the heat (Malaria)
Affect how people work
Location
Landlocked
No acces to the sea
hard to trade
On the coast
Easy accses to water
Easy to trade and build ports
Natural Reacorses
Natural wealth
Minerals
Selling / Trading
Rises income
Fossil fuels
Natural Disasters
Often occurrences in some countries
Money diverted
Slows down development
Economic
Trade
Cheap to HIC
HIC develop propduct
Sell for higher price
Infastructure
HIC have developed infastructre
Pushes LIC to improve theirs
Businesses benefit
Brings money to country
