Development

What is an older, redundant method of measuring development?

• 1st, 2nd & 3rd world labels

• HDI & Gini Coefficient

• The economic "north and south"

• Core and periphery model

Why does the 1st, 2nd & 3rd World metric not make much sense when speaking of development?

• It's not about development - it's about the Cold War

• There are actually four worlds

• It's insulting a little bit racist

• Because countries are unequal

Why can't we really use the "economic north and south" model to measure development?

• It discriminates against New Zealanders

• Many developed countries are becoming quite unequal

• Some countries in the south are actually quite developed

• Australia ruined the model

What do we now use to get a general "picture" of a nation's development levels?

• The CIA World Fact Book

• The Gini Coefficient

• Its HDI rating

• The stock market

What does HDI stand for?

What aspects are measured by the HDI?

• Health & life expectancy

• Education & school life expectancy

• GDP per capita & income

• All of the above

What is a major limitation of the HDI?

• It doesn't have stats about population density

• It doesn't show the distribution of a nation's development

• Some countries don't have any data

• Governments can lie about their stats

What is the perfect HDI score?

What does PPP stand for?

How do we express PPP for a common language when talking about different currencies?

• In British pounds (£)

• In Euros (€)

• In Simoleons (§)

• In US Dollars ($)