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Explore the uneven economic development worldwide, the impact on communities, and the importance of addressing poverty for global well-being. Delve into the three-sector hypothesis, failed states, and initiatives promoting equality in economic growth.
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Chapter 9 Study Guide: DevelopmentEconomic development is the development of economic wealth of countries or regions for the well-being of their inhabitants.
Can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and retaining jobs and increasing the tax base.
What could be the consequences of not helping poor countries? ________
A failed (failing) state common characteristics: a central government so weak or ineffective that it has little practical control over much of its territory
an inability to provide reasonable public services widespread corruption and criminality refugees and involuntary movement of populations sharp economic decline the inability to interact with other states as a full member of the international community. The term 'failed state' is a term of imprecise quantitative definition which is often used by political commentators and journalists
Development geography is the study of the Earth's geography with reference to the standard of living and quality of life of its human inhabitants.
Geographically, the single most important feature of economic development is that it is uneven.
Inequality in economic development often has a regional dimension
For example China has huge disparities of wealth between the rich coastal provinces and the poor interior.
The Brandt Line is a visual depiction of the North-South divide, proposed by German Chancellor Willy Brandt in the 1970s. It approximately encircles the world at a latitude of 30° N, but dipping south so as to include Australia and New Zealand in the "Rich North".
G8 The North-South Divide is the socio-economic and political division that exists between the wealthy, known collectively as "the North", and the poorer countries or "the South.“
Although most nations comprising the "North" are in fact located in the Northern Hemisphere, the divide is not primarily defined by geography. CIA
The global digital divide is often characterized as corresponding to the North-South divide.
Economic StructureThe three-sector hypothesis is an economic theory which divides economies into three sectors of activity:
primary sector: economic activities that are concerned directly with natural resources of any kind (agriculture, mining, fishing, and forestry)
secondary sector: Manufacturing (construction) activities that transform raw materials into more usable forms. They add value by making wheat into flour, copper ore into wire, and silicon into computer chips, and by assembling sophisticated components into computers, airplanes, and cars.
