Download Economic Development

Economic Development
Economic Activities
Economic Indicators
Levels of Development
Economic Activities
•
•
•
•
Primary 1 - Agriculture, mining
Secondary 2 - Manufacturing goods
Tertiary 3 - Services
Quaternary 4 - Information Processing and
management
Economic Activities
Production travels up this
pyramid.
Primary Secondary Tertiary
Quaternary
Tertiary
Secondary
Primary
ExampleWood is cut (primary)
Made into paper (secondary)
Paper sold in store (tertiary)
New paper formula created for
stronger paper (quaternary)
Economic Activities
• Oh yeah…standard of living is linked with
economic activity.
– Less developed economies are mostly primary
activities.
– Newly industrialized economies are a mix of
primary and secondary activities.
– More developed economies are mostly tertiary
and quaternary activities.
Economic development
indicators
UN Human Development Index
• UN Human Development Index is a good
index for comparing life in different
countries.
• Highlights uneven development by
comparing relative levels of HDI and per
capita income
• Some countries at similar levels of income
per capita have vastly different levels of
human development.
Demographic Data
• Birth Rate- important for future planning at a
government level. More people need more
resources, etc.
• Population size- Overcrowding or shrinking
populations are very serious problems that
require different government policies.
• Infant Mortality Rate- Gives a good idea of how
healthy an area’s women and children are.
Babies are society’s most vulnerable citizens.
Economic factors
• GDP- gives a good idea of the value of the
total production of a nation.
• GDP per capita- gives total value of
production divided by every person in a
country.
Social Factors
• Literacy Rate- the number of people who
can read and write.
-Higher or increasing numbers indicate
a healthy school system.
Levels of development
Less developed-poorer countries with least amount of infrastructure built.
-primary economic activity is the dominant activity; needs less
technology
-Secondary economic activity is located in isolated areas.
-----------------------------------------------------------------------------High birth and infant mortality rates
-Increasing population size
-Low GDP per capita and low literacy rate.
Levels of development
Newly industrialized-poorer countries with a greater amount of
infrastructure built.
-Primary economic activity is the dominant
activity; needs less technology
-Secondary economic activity is located in few
areas.
Levels of development
More developed -
-richer countries with a greatest amount of infrastructure built.
-Tertiary and quaternary economic activity is the dominant
activity; needs more technology
---------------------------------------------------------------------------Low birth and infant mortality rates
-stable/shrinking population growth
-High GDP per capita and high literacy rates
The End