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Ch 4.2 Ch. 9 development
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Introduction Development – the process of improving the material conditions of people through diffusion of knowledge and technology LDC MDC LDC – Less Developed Country MDC – More Developed Country
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Social Factors Economic Factors Demographic Factors HDI Score
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Economic
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GDP GDP / total population = per capita GDP Ex. Per capita GDP exceeded 30,000 in MDCs vs. less than 3,000 in LDCs
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Top 10 GDP in 2012
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Types of Jobs
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Quaternary The quaternary sector of the economy is a way to describe a knowledge-based part of the economy which typically includes services such as information generation and sharing, information technology, consultation, education, research and development, financial planning, and other knowledge-based services.
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