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DEVELOPED V. DEVELOPING COUNTRIESWG.8: THE STUDENT WILL DISTINGUISH BETWEEN DEVELOPED AND DEVELOPING COUNTRIES AND RELATE THE LEVEL OF ECONOMIC DEVELOPMENT TO THE STANDARD OF LIVING AND QUALITY OF LIFE.
DEVELOPED VS. DEVELOPING COUNTRIES
How and why does the level of economic development vary from one part of the world to another?
DEVELOPED VS. DEVELOPING COUNTRIES
What factors differ between developed and developing countries?Access to natural resourcesAccess to capital resourcesNumber of human resources, skills of human
resourcesEconomic developmentStandards of living & quality of life
INDICATORS OF ECONOMIC DEVELOPMENT
Urban developmentLabor force
Primary sectors – extraction of raw materialsSecondary sectors – transform raw materials into goodsTertiary sectors – supplying services to consumers
GDP per capita = value of goods produced in a countrytotal population in country
Educational achievement
INDICATORS OF STANDARDS OF LIVING & QUALITY OF LIFE
Population growth ratePopulation age distributionLiteracy rateLife expectancyInfant mortality rateUrban population %