WHAT FACTORS INFLUENCE THE ECONOMIC DEVELOPMENT OF COUNTRIES? OBJ: TO DETERMINE THE HOW WEALTH, HEALTH & EDUCATION CONTRIBUTE TO A NATION’S ECONOMIC STATUS

DEVELOPMENT REGIONS

HDI – HUMAN DEVELOPMENT INDEX IS USED TO MEASURE THE DEVELOPMENT OF EVERY COUNTRY WEALTH, HEALTH & EDUCATION 9 REGIONS: 2 DEVELOPED 7 DEVELOPING OBSERVATIONS? WHY DO YOU THINK? INCOME: GNI- GROSS NATIONAL INCOME IS THE VALUE OF THE OUTPUT OF GOODS & SERVICES PRODUCED IN A COUNTRY IN A YEAR INCLUDING MONEY LEAVING & ENTERING PPP – PURCHASING POWER PARITY IS THE ADJUSTMENT TO GNI TO ACCOUNT FOR DIFFERENCES AMONG CONTRIES IN THE COST OF GOODS GNI PER CAPITA: DIVIDE GNI BY TOTAL POPULATION TO DETERMINE INDIVIDUAL’S CONTRIBUTION VARIATIONS WITHIN A REGION & COUNTRY

MORE ON $$$$ ECONOMIC STRUCTURE : PRIMARY, SECONDARY & TERTIARY SECTORS DEVELOPED & DEVELOPING COUNTRIES VARY IN TERMS OF TYPES OF JOBS THAT CONTRIBUTE TO GNI EXAMPLES? PRODUCTIVITY : VALUE OF A PARTICULAR PRODUCT COMPARED TO THE AMOUNT OF LABOR NEEDED TO MAKE IT & MEASURED BY VALUE ADDED PER CAPITA: V.A. IN MFG IS GROSS VALUE OF A PRODUCT MINUS THE COSTS OF RAW MATS & ENERGY DEVELOPED COUNTRIES PRODUCE MORE W/ LESS BECAUSE….? INEQUALITY ADJUSTED HDI : MODIFIES HDI TO ACCOUNT FOR INEQUALITY WITHIN A COUNTRY LOWEST SCORES SUB-SAHARAN AFRICA & SOUTH ASIA CONSUMER GOODS: CELL PHONES, CARS, COMPUTERS – HOW DO THESE CONTRIBUTE TO ECO GROWTH OF A COUNTRY?

HEALTH: LIVE LONG & PROSPER NUTRITION & MEDICAL SERVICES LIFE EXPECTANCY AT BIRTH IMPORTANT VARIATIONS W/I REGIONS DEPENDENCY RATIO # OF HOSPITALS, HEALTH CARE PROVIDERS, ACCESS TO INSURANCE DOES THE COUNTRY VALUE HEALTH, USE GNI FOR IMPROVED HEALTH? HOW DO COUNTRIES BALANCE CULTURAL PRACTICES & BELIEFS & PROTECT POPULATION? AIDS? EBOLA & BURIAL PROCEDURES? VACCINATIONS?

QUANTITY OF SCHOOLING: YEARS & EXPECTED YEARS THE LONGER YOU STAY IN SCHOOL THE BETTER OFF YOU ARE QUALITY OF SCHOOLING PUPIL/TEACHER RATIO: FEWER KIDS PER TEACHER = BETTER LEARNING LITERACY RATE: IS THE PERCENTAGE OF A COUNTRYS PEOPLE WHO CAN READ & WRITE.

VARIATIONS OF DEVELOPMENT VARIATIONS HIGH IN SW ASIA & N. AFRICA & CENTRAL ASIA – WHY? WHAT’S THE GREATEST ASSET THESE REGIONS HAVE? BRAZIL, CHINA & MEXICO: SOME OF LARGEST & MOST POPULOUS ALL MIDDLE OF THE HDI SCALE URBAN, COASTAL, LOCATION