The economic “evolution” of country We used to use the following terms when distinguishing among countries and where they are in terms of their development. (1 st, 2 nd, 3 rd world) This is not really appropriate anymore for several reasons. Why? 1. not ‘politically’ correct 2. It is harder to “label” now because of various meanings of the word ‘developed’. 3. Countries are at different stages of the development continuum. First world = Developed Nations Second World = Developing Nations Third World= Underdeveloped Nations

So… What is the difference between ‘developed’ and ‘underdeveloped’ countries? Economic Factors Political Factors Social factors

A ‘Developed’ country… has a developed economy - the tertiary and quarternary sectors of industry dominate. this level of economic development usually translates into a high income per capita and a high Human Development Index (HDI) (other qualities of life besides just money) has a high GDP (gross domestic product) per capita - GDP = the market value of all final goods and services produced within the borders of a nation in a year. often has established levels of social programs, human rights guarantees, and democratic government /File:2014_UN_Human_Development_Report_Quartiles.svg

A ‘Developing’ country… Often has a relatively low standard of living Often has an undeveloped industrial base Often has a moderate to low Human Development Index (HDI) Often has a low per capita income Often has widespread poverty also, low standards of democratic governments, social programs, and human rights guaranteesdemocratic governmentssocial programshuman rights guarantees

A ‘N I C’ Newly Industrialized Countries Countries with more advanced economies than other developing nations, but which have not yet fully demonstrated the other signs of a developed country, are grouped under the term NIC developed country They are often referred to as “emerging” countries.

You are responsible for completing each of the following tasks. You should work in a partnership. Read the directions carefully!! All complete work will be passed in as an organized package. Due Date to be determined demonstrate an understanding that the future well-being of Atlantic Canada involves co-operation with the national and global communities analyze local, regional, and global economic patterns and related issues that are challenging Atlantic Canadians identify and demonstrate an understanding of trade and other economic linkages among Atlantic Canada and the national and global communities

1. Research to find out what the G8 and the G20 group of countries are. 2. List the G8 and G20 countries today. 3. Read the article Is America the Next Third- World Country? from MacLean’s Magazine (Sept. 2010). Summarize this article in one paragraph. Link:

4. What does G.D.P stand for? Explain what it means (define). 5. Researc h the world’s nations in terms of G.D.P. the top 20 and the bottom Research and list the world’s top 10 largest corporations (based on revenue). 7. What is noteworthy when comparing the richest corporations with the poorest countries?

8. Read: What’s Your Consumption Factor by Jarred Diamond Link: Task: Summarize this article in one paragraph. ___________________________________________________ 9. Read: ‘Plastic Soup’ Link: dump-a-tip-that-stretches-from-hawaii-to-japan html dump-a-tip-that-stretches-from-hawaii-to-japan html View: Pacific Garbage Dump (NBC - Nightline) View: Manila’s City of Garbage Task: Summarize this article in one paragraph. Include a statement addressing the two videos as well.

Reminder: Pass in all work related to this quest in an organized booklet/package. (Number and order the questions and be sure your name(s) is(are) on it!) Due: Due: ________________________

4321 SCO analyze local, regional, and global economic patterns and related issues that are Challenging Atlantic Canadians SCO identify and demonstrate an understanding of trade and other economic linkages among Atlantic Canada and the national and global communities SCO demonstrate an understanding that the future well-being of Atlantic Canada involves co-operation with the national and global communities SCO examine and analyze how Atlantic Canadians are members of the global community through different interconnected systems