Development and Globalisation
Development and Globalisation
Development
A process of social and economic advancement in terms of the quality of human life.
Development can involve can involve economic, demographic, social political and cultural changes.
Development is a term that can be used in many different contexts whether it is social, economical, political etc. However generally development refers to an improvement in certain areas:
• Economic
o An increase in the country’s economy with a shift from secondary to tertiary industry which becomes less dependent on FDI.
• Demographic
o An increase in population and a more ageing population as standard of living increases. Birth rates and death rates drop as life expectancy increases.
• Social
o An increase in the range of services, increased land prices and a more multicultural society. Greater access to education, health care and communication
• Political
o More democratic and more influence on the ‘global stage’. Stable government, no dictatorship.
• Cultural development
o Greater equality for women and better race relations in multicultural societies.
Measuring Development
GDP- Gross Domestic Product – the value of all the goods and services produced in a country in a year, in $US, usually expressed as “per capita” (per person). PPP (purchasing power parity)* figures are more useful.
*Adjusted for loss of living
GNP- The total value of goods and services produced by one country in a year, plus all net income earned from overseas sources, in $US.
HDI- Human Development Index:
It is a summary composite index that measures a country’s average achievements in three basic aspects of human development: health, knowledge, and a decent standard of living.
• Life Expectancy
• Literacy Rate
• Standard of Living (measured in GDP per capita)
It gives a more complete picture of development of a
Development
A process of social and economic advancement in terms of the quality of human life.
Development can involve can involve economic, demographic, social political and cultural changes.
Development is a term that can be used in many different contexts whether it is social, economical, political etc. However generally development refers to an improvement in certain areas:
• Economic
o An increase in the country’s economy with a shift from secondary to tertiary industry which becomes less dependent on FDI.
• Demographic
o An increase in population and a more ageing population as standard of living increases. Birth rates and death rates drop as life expectancy increases.
• Social
o An increase in the range of services, increased land prices and a more multicultural society. Greater access to education, health care and communication
• Political
o More democratic and more influence on the ‘global stage’. Stable government, no dictatorship.
• Cultural development
o Greater equality for women and better race relations in multicultural societies.
Measuring Development
GDP- Gross Domestic Product – the value of all the goods and services produced in a country in a year, in $US, usually expressed as “per capita” (per person). PPP (purchasing power parity)* figures are more useful.
*Adjusted for loss of living
GNP- The total value of goods and services produced by one country in a year, plus all net income earned from overseas sources, in $US.
HDI- Human Development Index:
It is a summary composite index that measures a country’s average achievements in three basic aspects of human development: health, knowledge, and a decent standard of living.
• Life Expectancy
• Literacy Rate
• Standard of Living (measured in GDP per capita)
It gives a more complete picture of development of a