1. Do Now: Add the definitions of “More developed countries” and “Less developed countries” to your new vocabulary page. You can find the definitions on your handout for today. Think-pair-share: Have you heard these terms used before? If so, can you remember where you heard them?

2. Developed and Developing Countries Understanding the characteristics of each

3. What do you think? Explain the difference between the following two words: Developed Developing

4. I.Developing Country A.Usually refers to countries with low levels of economic development A.Developing countries do not have a level of industry that will support their populations and have a low standard of living. A.They almost always have low incomes and high populations

5. Think about it... What problems might you expect to exist in countries with little industry, low standard of living, and low income -BUT- High population? Source: http://www.bized.co.uk/educators/16-19/economics/development/lesson/costben.htm

7. Developing Countries are sometimes referred to as LEDC (LEDC- Less Economically Developed Countries) ●People living in Less Economically Developed Countries USUALLY have a lower quality of life. ●This means these people do not have access to life’s essentials of: *FOOD *SHELTER * WATER *MEDICAL CARE

8. II.Developed Country A.Usually refers to countries with higher levels of economic development B.Developed countries have a higher level of industry that can support their populations C.These countries primarily have a higher standard of living Source: http://web.worldbank.org/WBSITE/EXTERNAL/EXTSITETOOLS/0,,contentMDK:20147486~menuPK:344190~pagePK:98400~piPK:98424~theSitePK:95474,00.html

10. Developed Countries are sometimes called “MEDC.” (MEDC = More Economically Developed Countries) ●More Economically Developed Countries are mostly in the northern hemisphere. ●These people have a higher quality of life which means they not only have access to life’s essentials of food, water, shelter and medical care but also have luxuries, better education, security, etc.

11. III. Determining Development A.To determine a country’s development, these statistics are usually considered by the United Nations - 1.GDP (Gross Domestic Product) 2.Life Expectancy 3.Literacy Rate 4.Education 5.Healthcare System Source: http://web.worldbank.org/WBSITE/EXTERNAL/EXTSITETOOLS/0,,contentMDK:20147486~menuPK:344190~pagePK:98400~piPK:98424~theSitePK:95474,00.html

12. Source: http://www.vox.com/2014/8/26/6063749/38-maps-that-explain-the-global-economy

14. III.Determining Development B.GDP 1.Is the market value of all final goods and services produced within a country in a given period of time 2.Like a price tag on a country's output, and it measures the size of the economy 3.GDP Equation is: GDP = Consumption + Government Expenditures + Investment + Exports - Imports Source: http://web.worldbank.org/WBSITE/EXTERNAL/EXTSITETOOLS/0,,contentMDK:20147486~menuPK:344190~pagePK:98400~piPK:98424~theSitePK:95474,00.html

15. “The International Monetary Fund devised this handy graphic for summarizing economic output around the world. Each country is depicted as a rectangle, with the overall size of the rectangle representing the overall size of your economy. But two similarly sized rectangles can have very different shapes. A tall and skinny rectangle like Germany represents rich countries with not that many residents. A short and squat rectangle like Nigeria represents a country with many residents and a very low average standard of living. We also see here that the global income distribution is quite unequal, with around 75 percent of the world's population living in countries that are below the global average income.” Source: http://www.vox.com/2014/8/26/6063749/38-maps-that-explain-the-global-economy

16. III.Determining Development C.Life Expectancy - the average number of years that a newborn can expect to live Source: http://web.worldbank.org/WBSITE/EXTERNAL/EXTSITETOOLS/0,,contentMDK:20147486~menuPK:344190~pagePK:98400~piPK:98424~theSitePK:95474,00.html

17. III.Determining Development D.Literacy Rate - the ability to read, write and think critically (This rate is usually taken as a percentage of the population over age 15. The literacy rate of the United States is 99. This means that 99% of the people in this country over age 15 can read and write.) Source: http://web.worldbank.org/WBSITE/EXTERNAL/EXTSITETOOLS/0,,contentMDK:20147486~menuPK:344190~pagePK:98400~piPK:98424~theSitePK:95474,00.html

19. Evaluate: Developed or Developing? GDP: $49,800 per capita Life Expectancy: 80 years Literacy Rate: 99 Source: CIA “The World Factbook”

20. Evaluate: Developed or Developing? GDP: $49,800 per capita Life Expectancy: 80 years Literacy Rate: 99 Developed The United States

21. Evaluate: Developed or Developing? GDP: $1,100 per capita Life Expectancy: 50 years Literacy Rate: 28

22. Evaluate: Developed or Developing? GDP: $1,100 per capita Life Expectancy: 50 years Literacy Rate: 28 Developing Afghanistan

23. Evaluate: Developed or Developing? GDP: $35,700 per capita Life Expectancy: 82 years Literacy Rate: 99

24. Evaluate: Developed or Developing? GDP: $35,700 per capita Life Expectancy: 82 years Literacy Rate: 99 Developed France

25. Evaluate: Developed or Developing? GDP: $9,800 per capita Life Expectancy: 75 years Literacy Rate: 95

26. Evaluate: Developed or Developing? GDP: $9,800 per capita Life Expectancy: 75 years Literacy Rate: 95 Developing China

27. Evaluate: Developed or Developing? GDP: $700 per capita Life Expectancy: 58 years Literacy Rate: 61

28. Evaluate: Developed or Developing? GDP: $700 per capita Life Expectancy: 58 years Literacy Rate: 61 Developing Liberia

29. Source: http://www.vox.com/2014/8/26/6063749/38-maps-that-explain-the-global-economy