1. Economic Geography

2. Government & Economy Review
Traditional economy:
Bartering, Little $$, Subsistence Agriculture
Communist economy:
Government controls economy
Agriculture & Manufacturing
Few choices or incentives
Little $$ or chance for advancement
Cuba
Socialist economy:
Combination of Communist & Free Market
Government owns key industries
Lots of government rules/regulations
Social Safety Net
Europe
Free Market economy:
Supply & demand
Few government rules/regulations
Government stays out of business
All types of jobs
Many incentives
Also known as Capitalism
United States
Totalitarian
Communist
Theocracy
Dictatorship
Absolute Monarchy
Constitutional Monarchy
Democracy
Constitutional Monarchy
100% Gov’t Power
0% Gov’t Power

3. All Countries Aren’t the Same
The world is a very diverse place.
Many countries are very advanced in a number of ways, while others are not.

4. What is development? Every country in the world is trying to develop
It’s not just about money. It’s about living “better”

5. How can a country improve the quality of life for the people who live there?
They may cite reasons such as education systems, health care, stable governments, temperate climates,

6. Standard of Living Standard of living tells you how well people live.

7. How do countries get rich?
Countries with more natural resources MIGHT have better economies, but it is not guaranteed
Most important factors:
Levels of Economic Activity
Technology/Innovation
Infrastructure
Stable Government
World trade = fossil fuels = power for manufacturing

8. How do countries get rich?

9. How do countries get rich?
Economic support system
Infrastructure
Electricity
Clean Water
Sewage
Transportation
Communication
Technology

10. Human Development Index (HDI)
Ranks countries based on their level of economic development (standard of living)
More developed
Newly Industrialized
Less Developed

11. Measuring Economic Development
Gross Domestic Product (GDP)
A way to measure how much money everyone makes
Total value of goods and services produced in a country in a year divided by the total population

12. Gross Domestic Product (GDP)

13. Gross Domestic Product (GDP)
CARTOGRAM: always read the title!!!

14. How do countries get rich?
Take care of their people
Health Care
Life Expectancy
Infant Mortality
Education
Literacy Rate

15. What does standard of living “look like”?
It’s not just about $$$$

16. Less Developed Nation Low GDP Little health care available
Lack of education
Little industry
Lack modern technology
Access to communication is limited
Poor roads and transportation
People grow their own food
High birth rate (lots of children)
Lower life expectancy

17. Newly Industrialized Nations
Growing standard of living
People have some possessions
Gaining higher levels of education
Health care is more available
Some airports and roads
Communication available
Consume more food
More types of jobs
High birth rate (lots of children)
Longer life expectancy

18. More Developed Nation High standard of living
People have lots of possessions
Higher levels of education
Easy access to health care
Many types of transportation
Many roads
Clean water
Many types of communication
Lower birth rates (fewer children)
Long life expectancy

19. Mapping HDI

20. Now let’s practice!!

21. Developed or Developing?
Is this country developed or not?
What is your evidence that it is a developed country?
What is your evidence that it is not a developed country?
Think of at least 2 reasons for your choice

24. More Developed Nation ____ standard of living
People have lots of _________
Higher levels of ________
Higher levels of
____________
Communication
Good ____________
Consume more _______
Live ________
Higher _____
EXAMPLES: _________________

25. Less Developed Nation ___ GDP _________ available Lack of ________
Little ___________
Lack modern __________
Access to ______ limited
Poor __________
EXAMPLES:_______________

26. Newly Industrialized Nations
Growing standard of living
People have ___________
Gaining higher levels of
Health care ________
Some __________ and roads
Communication available
Consume more _______
More types of _______
Growing _______
EXAMPLES:____________________

27. Government & Economy Review
Traditional economy:
Communist economy:
Example:
Socialist economy:
Example:
Free Market economy:
Example:
Political System(s):
Political System(s):
Political System(s):
100% Government Power
0% Government Power

28. Economic Development Standard of Living ~ How do countries get “rich”?
Most important factors:
______________________________
_______________ creates wealth.
Infrastructure examples:
Human Development Index (HDI): How we measure economic development
______________________, _________________________, __________________________
1. Gross Domestic Product (GDP)
2. Health Care
Life Expectancy
Infant Mortality
3. Education
Literacy Rate
More Developed Country:
_________ standard of living
People have lots of ________________
Higher levels of ___________________
Easy access to ____________________
Many types of transportation
Many roads
Clean __________________________
Many types of ___________________
Lower birth rate (_________________)
____________ life expecancy
Examples:
Newly Industrialized Country:
______________________ of living
People have ___________________
Gaining higher levels of __________
Health care ____________________
Some ________________ and roads
Communication available
Consume more _________________
More types of ____________
High birth rate (_______________)
_________ life expectancy
Examples:
Less Developed Country:
_________ GDP
________________________available
Lack of __________________
Little ____________________
Lack modern _____________
Access to _________________ limited
Poor _______________________
People grow their own _________
High birthrate (lots of children)
Lower _______________________
Examples:

29. Economic Development Tertiary Secondary Primary Quaternary
DEFINE THE TERMS: Gross Domestic Product (GDP) ~
How do countries get rich?
Natural Resources:
Innovation
Infrastructure
Take Care of Their People (Human Capital)
Health Care
Infant Mortality
Life Expectancy
Education
Literacy
Quaternary
Tertiary
Secondary
Primary