Globalisation and Economic Development (HSC SSCE Economics): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
GNI per capita threshold for advanced economies
GNI per capita threshold for advanced economies
Above 13,205 USD
Absolute poverty definition (daily income)
Absolute poverty definition (daily income)
Less than 2.15 USD per day
GNI per capita threshold for LDCs (yearly)
GNI per capita threshold for LDCs (yearly)
Below 1,081 USD per year
Number of least developed countries (LDCs)
Number of least developed countries (LDCs)
46
LDCs located in Sub-Saharan Africa
LDCs located in Sub-Saharan Africa
33 of 46
Emerging economies typical growth rate (annual)
Emerging economies typical growth rate (annual)
5-10%
Number of advanced economies (IMF classification)
Number of advanced economies (IMF classification)
41
Key economic reliance of developing economies
Key economic reliance of developing economies
Agriculture
Term for poverty concentration in Africa
Term for poverty concentration in Africa
Africanisation of poverty
Defining process of emerging economies
Defining process of emerging economies
Industrialisation or modernisation