Levels of development are dependent on physical, economic, environmental and political factors. Globalisation has had major consequences for high-, middle- and low-income countries.
Which of these definitions describes development?
Countries that are linked together economically, socially, culturally and politically so that they are dependent on each other
The producer receives a guaranteed and fair price for the product regardless of the price on the world market
The process of change which improves the well-being of a society in terms of material wealth and quality of life
What three indicators are used by the Human Development Index?
Life expectancy, education and income
Infant mortality, access to safe water and income
Unemployment, literacy and income
How does the World Bank define low-income countries?
Those countries with a GNI per capita of $12,736 or less
Those countries with a GNI per capita of $1,045 or less
Those countries with a GNI per capita of $1,045 or more
What is trade?
Goods purchased from abroad and brought into a country
It is the sale and purchase of goods, services or information
Goods purchased by other countries and sent to them
Why does trade hinder development in low-income countries?
Low-income countries rely on the export of low-value primary goods
Low-income countries usually have a trade surplus
Low-income countries rely on the export of high-value manufactured goods
What was the value of Kenya's trade deficit in 2013?
Which of these is a definition of interdependence?
Where countries are linked together economically, socially, culturally and politically so that they are dependent on each other
Where the producer receives a guaranteed and fair price for the product regardless of the price on the world market
What is a multinational company?
A company that has its headquarters in a high-income country
A company which employs many people and makes large profits
A company that operates in more than one country
Why is globalisation a threat to cultural diversity?
It brings foreign currency to local economies when they buy local products and services
It threatens local traditions and languages, making the world more uniform to fit the western model
It makes people more aware of global issues and able to work together to tackle these issues
What is a trade bloc?
Where the producer receives a fair price for the product
Where a group of countries agree to use a single currency
A group of countries who have joined together to promote trade