1. Warm-Up
New ToC Entry
Economic Development 4/7/
What are some of the differences in these two places?

2. Objective
SWBAT explain the characteristics of developed and underdeveloped (developing) economies

4. Developed vs. Underdeveloped
Countries throughout the world are often characterized as being developed or underdeveloped. This designation tells us much about the level of that nation’s economy.

5. What is the difference between Developed and Underdeveloped countries?
??? VS

6. Undeveloped 1) low standard of living 2) small industrial base
3) moderate to low level on the Human Development Index
4) government in constant turn over
Sometimes referred to as Rural Countries, Third World, Poor Countries

7. Developed 1) stable economy 2) organized government
3) high standard of living
4) high Human Development Index level
Sometimes referred to as Industrialized Nations, First World, Rich Countries

8. How do we determine different levels of development?
Standard of living – The quality and quantity of goods and services available to citizens and the way these things are distributed within a country.

9. Things that affect standard of living include:
Poverty Rate

10. Income per person (per capita)

11. Quality of health care

12. Educational standards

13. Human Development Index –
Calculated using the following:
Life Expectancy
Expected age of death for a country
Literacy Rate
Ability to read, write, listen and speak
Education
Institutions of higher learning i.e. - colleges

14. Industrial Base –
number of industries that help support a country’s needs

15. Additional Factors of Economic development
GDP vs. GNP
GDP – money made from goods and services inside the country
GNP – money made from goods and services by residents of a country, even if not in country

16. Population Growth –
poorer countries will have a higher rate of growth

17. Urbanization –
% of a country’s population who live in urban areas. More developed = more urbanized.

18. Infrastructure –
Things needed to help a society operate and function Such as: Highways, means of communication, energy distribution systems, farms, factories, hospitals, etc.

19. Infant Mortality –
number of deaths of children in the first years of life. Higher number = less developed

20. Caloric Intake –
Food available for people of a nation

21. Stages Economic Development of countries happens in stages:
1) Primitive
2) Transition
3) Takeoff (Developing)
4) “semi-developed”
5) “highly developed”

22. Exit Ticket
On a scrap piece of notebook paper, summarize the difference between developed and underdeveloped (developing) countries.