What do you think people mean when they say a country is rich?

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What do you think people mean when they say a country is rich?

Presentation transcript:

7th Grade Social Studies Unit 6, Lesson 3: Why are some countries “rich” while others are “poor”?” What do you think people mean when they say a country is rich? How might living in a rich country differ from living in a poor country? What may account for different levels of wealth among countries?

Rich country or Poor country???????? Sao Paulo. 18 January 2015 <http://thestorewpp.tv/storage/GE_Sao%20Paulo_Street%20Art3.jpg?__SQUARESPACE_CACHEVERSION=1344871219089>.

Sao Paulo. 18 January 2015 <http://thestorewpp

What causes our incomes to increase? What is the main cause of economic growth? What is one way economists measure economic growth?

Adapted from: “What Does Economic Growth Mean Adapted from: “What Does Economic Growth Mean?” How Geography Influences Economic Growth. Poverty Education. 18 January 2015 <http://www.povertyeducation.org/geography-and-economic-growth.html>.

Gross Domestic Product (GDP) Source: GDP Map. Wikipedia. 18 January 2015 <http://upload.wikimedia.org/wikipedia/commons/0/08/Map_of_countries_by_GDP_%28nominal%29_in_US%24.png>. Gross Domestic Product (GDP)

ANALYZING GDP DATA Source: Countries Ranked by Gross Domestic Product. Wikipedia. 18 January 2015 <http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)>.

ANALYZING GDP GROWTH DATA Source: GDP Growth Rate. Global Finance. 18 January 2015<http://www.gfmag.com/tools/global-database/economic-data/12369-countries-lowest-gdp-growth.html#axzz2sBpfLKH0>.

Is economic growth the same as development? Why or why not? Would GDP be an effective indicator of development? Why or why not? Is development dependent on economic growth? Why or why not? Should development just be measured in terms of economic development? Why or why not? Should development include factors relating to social development? If so, what might some of these factors be? ??????????????????????????????

The United Nations Human Development Index The HDI is a single statistic which serves as a frame of reference for both social and economic development.

The United Nations Human Development Index The HDI is a single statistic which serves as a frame of reference for both social and economic development. Indicators used to calculate an HDI rating: Years of schooling Life expectancy Income

Human Development Index Map of Countries HDI. Wikipedia. 18 January 2015 <http://upload.wikimedia.org/wikipedia/commons/thumb/3/32/2013_UN_Human_Development_Report_Quartiles.svg/863px-2013_UN_Human_Development_Report_Quartiles.svg.png>.

ANALYZING HDI DATA Source: Countries Ranked by HDI. Wikipedia. 19 April 2014 <http://en.wikipedia.org/wiki/List_of_countries_by_Human_Development_Index>.

COMPARING DATA GDP GDP Growth HDI Source: Countries Ranked by HDI. Wikipedia. 18 January 2015 <http://en.wikipedia.org/wiki/List_of_countries_by_Human_Development_Index>; GDP Growth Rate. Global Finance. 18 January 2015 <http://www.gfmag.com/tools/global-database/economic-data/12369-countries-lowest-gdp-growth.html#axzz2sBpfLKH0>; Countries Ranked by Gross Domestic Product. Wikipedia. 18 January 2015 <http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)>.

What factors are likely to lead to economic growth in a country? Source: GDP Growth Rate. Global Finance. 18 January 2015 <http://www.gfmag.com/tools/global-database/economic-data/12369-countries-lowest-gdp-growth.html#axzz2sBpfLKH0>.

Technological innovation Investment in the factors of production (land, labor, capital) A mixed economy Political stability Steady improvement of infrastructure like roads, water supply and electrical grids Active involvement in global trade networks Source: GDP Growth Rate. Global Finance. 18 January 2015 <http://www.gfmag.com/tools/global-database/economic-data/12369-countries-lowest-gdp-growth.html#axzz2sBpfLKH0>.

ACTIVITY Source: GDP Growth Rate. Global Finance. 18 January 2015 <http://www.gfmag.com/tools/global-database/economic-data/12369-countries-lowest-gdp-growth.html#axzz2sBpfLKH0>.

What factors are likely to negatively affect economic growth in a country?

ACTIVITY

ACTIVITY

ACTIVITY Places that are very cold can make it difficult to grow food so food can be expensive.