Indicators of Development (Edexcel A-Level Economics A): Flashcards
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Development (economic term)
Development (economic term)
Process increasing real per capita incomes & living conditions
Tiger economies of SE Asia
Tiger economies of SE Asia
Hong Kong, S. Korea, Singapore, Taiwan (rapid growth from 1960s)
BRICS countries
BRICS countries
Brazil, Russia, India, China, South Africa
HDI value range
HDI value range
0 to 1 (higher values = higher human development)
Three dimensions measured by HDI
Three dimensions measured by HDI
Living standards (GNI), education, health (life expectancy)
Mean years of schooling (HDI component)
Mean years of schooling (HDI component)
Output measure: avg years of schooling for adults aged 25+
Expected years of schooling (HDI)
Expected years of schooling (HDI)
Input measure: years a child entering education can expect
Inequality-adjusted HDI (IHDI)
Inequality-adjusted HDI (IHDI)
Adjusts HDI for inequality in health, education, living standards
Multidimensional Poverty Index (MPI)
Multidimensional Poverty Index (MPI)
Reflects deprivations households face, not just income levels
Trickle-down effect
Trickle-down effect
Benefits from growth expanding through the population