Date post: | 23-Dec-2015 |
Category: |
Documents |
Upload: | philomena-dalton |
View: | 219 times |
Download: | 0 times |
Economic Development
Ch. 9 Part 1
Warm Up
The idea that once a culture locates in another area, the original customs and traditions eventually die out or are less strong is:
A. Place utility
B. Acculturation
C. Distance decay
D. Transhumance
E. Gravity model
Last day to register for AP Exams!!
Basics of Economics
• 4 major types of Economies:• Traditional• Communism• Socialism• Free Enterprise/Capitalism• All fall along a spectrum
Economic Spectrum
Free Enterprise
• Allows the competitive market to determine the price of goods
• People have the freedom to choose their own outcomes based on their ability and freedom to pay
• Based on competition and supply and demand• Creates winners and losers
Communism
• Karl Marx—a response to Capitalism• Communist Manifesto-Prediction that proletariat would
eventually rise against the bougeousis• Total government control of all prices in a society• Government determined careers• Equal pay for all workers
Socialism
• Government controls basic items in an economy (transportation, agriculture, energy)
• Individuals control other businesses• Higher taxes but more government services• Most European countries
What is Development?
• Simply, an improvement in material conditions• Can be measured by GDP, Literacy, Life expectancy, birth
rate, etc.
Economic Sectors
PrimaryExtraction of raw materials (agriculture, fishing, mining)
SecondaryProduction of goods
(construction, manufacturing)
TertiaryProvides services to
businesses and general population
Economic Sectors
• Primary-Work directly with raw materials• Secondary-Processes/manufactures raw materials• Tertiary-Provides a service• Quaternary-Research or management
Primary, Secondary, Tertiary, or Quaternary?
Primary, Secondary, Tertiary, or Quaternary?
Primary, Secondary, Tertiary, or Quaternary?
Primary, Secondary, Tertiary, or Quaternary?
Primary, Secondary, Tertiary, or Quaternary?
Primary, Secondary, Tertiary, or Quaternary?
Primary, Secondary, Tertiary, or Quaternary?
Developed Nations: • More tertiary and quaternary sector jobs• Less of primary sector jobs.
United States - Labor Force by Sector: • Agriculture: 1.6% (Primary) • Industry: 19.2% (Secondary)• Services: 79.6%
(Tertiary/Quaternary)
Newly Industrialized Nations: • More secondary sector jobs• Even split between 3 sectors
China - Labor Force by Sector: • Agriculture: 36.7% (Primary) • Industry: 28.7%(Secondary)• Services: 34.6% (Tertiary/Quaternary)
Developing Nations: • Less tertiary and quaternary sector jobs• More primary sector jobs.
Liberia - Labor Force by Sector: • Agriculture: 70% (Primary) • Industry: 8% (Secondary)• Services: 22%
(Tertiary/Quaternary)
Levels of Development Rotations
• Groups of 4• 6 groups total
Warm Up
What do the languages of English, Spanish and Hindi have in common?A. they are all part of a major religious system
B. they are all spoke in the same countries
C. all three derive from the Afro-Asiatic language family
D. all three are spoken where they are due to colonialism
E. all three are in the Indo-European language family
MUST have textbook tomorrow!
Measures of Development
• GNP/GDP• Per capita• Life Expectancy• Literacy Rate• Education• Standard of Living• Birthrate
Why isn’t death rate an indicator?
Remember Hans?
• http://www.youtube.com/watch?v=jbkSRLYSojo
What is HDI...And how do I read it?
• Human Development Index• Created by the UN …Mahbub ul Haq • Composed of Education, Life Expectancy, and
GDP/Capita• Number from 1 to 0 (1 being greatest)• ‘‘to shift the focus of development economics from
national income accounting to people centered policies.’’
The Math Behind It…
Sub-Saharan Africa
South Asia
Arab States
East Asia
C and E EuropeLatin America
OECD
2009 Human Development Index - Top 38 Countries with HDI Score
2011 UN HDI
HDI
• http://en.wikipedia.org/wiki/List_of_countries_by_Human_Development_Index
Criticism of HDI…
• Fails to consider the environment/pollution• Redundant… we already measure this stuff• Bryan Caplan says it’s culturally biased…
– It’s a measure of how Scandinavian you are…
Development Game
• Guess the HDI Rank!• 1= best• 187= worst