Midterm 1 Study Guide

Midterm 1 Study Guide - Chapter 1 2 What is Development...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
What is Development Economics? The study of how economies are transformed from stagnation to growth and from low-income to high-income status. Be able to identify the following countries on a global map: Indonesia, Brazil, Pakistan, Bangladesh Keyna, Sri Lanka, Peru, Venezuela, El Salvador, Malawi, Ghana, Senegal, Sudan, Singapore, Belarus, Tonga, Laos, Mongolia, Haiti, Egypt, Guinea, Mauritius, Rwanda, Burkina Faso, Guam, Brunei and United Arab Emirates What is the purchasing power parity (PPP) and how is it used in measuring level of economic development? The purchasing power of a country’s currency: the number of units of that currency required to purchase the same basket of goods and services that a U.S. dollar would buy in the United States. What is the Human Development Index HDI and how does it measure economic development? An index measuring national socioeconomic development, based on measures of life expectancy at birth, educational attainment, literacy, and adjusted real per capita income. What are some advantages and disadvantages of the HDI? Advantages - improved understanding of what constitutes development, which countries are succeeding, and how different groups and regions within countries are fairing. It allows nations to take a broader measure of their development performance, focusing their economic and social policies more directly on areas in need of improvement. Disadvantages - gross enrollment overstates the amount of schooling, because in many countries a student who begins primary school is counted as enrolled without considering whether the student drops out at some stage. Also, there is no attention to the role of quality. Be able to identify which countries are LDCs and DCs. How do the problems of development and poverty in LDC affect you here in California? LDCs are countries that have a per capita GNI
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/03/2008 for the course PHIL 320 taught by Professor Calarco during the Spring '08 term at CSU Fullerton.

Page1 / 2

Midterm 1 Study Guide - Chapter 1 2 What is Development...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online