Global Development and Inequality

Revision sheet excerpt

📋 Course Outline

  1. Global Inequality Measures
  2. Development and Poverty
  3. Regional Disparities
  4. Global Development Strategies
  5. International Aid and FDI
  6. Special Economic Zones
  7. National Development Policies
  8. Global Governance Institutions
  9. Major Global Powers

📖 1. Global Inequality Measures

🔑 Key Concepts & Definitions

Development classification | A system used to categorize countries based on their level of socio-economic development, often using indicators like HDI and income approaches. | SOURCE: "Development classification using HDI and income approaches."

HDI (Human Development Index) | A composite statistic measuring a country's average achievements in health, education, and income, used to assess development levels. | SOURCE: "Development, using HDI (both social and economic approach)."

Global Multidimensional Poverty Index (MPI) | An index that measures individual deprivations across 10 indicators in health, education, and standard of living, with all dimensions equally weighted. | SOURCE: "Global Multidimensional Poverty Index = measures each person’s deprivations across 10 indicators in three equally weighted dimensions."

Happiness index | A newer criterion for measuring global inequality, based on subjective well-being and life satisfaction, supplementing traditional economic measures. | SOURCE: "New criteria to measure global inequality: the happiness index."

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Quiz preview

1. What is the Global Multidimensional Poverty Index (MPI)?

2. What does the Human Development Index (HDI) primarily measure in assessing a country's development?

3. In which year did Willy Brandt propose the Brandt Line, which separates the more economically developed countries from the less developed ones?

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Flashcards preview

Global Inequality Measures — purpose?

Assess disparities between countries and individuals.

Development classification — purpose?

Categorize countries by socio-economic development levels.

Development, poverty — key factor?

Lack of basic needs and opportunities.

HDI — what does it measure?

Health, education, income achievements.

MPI — dimensions?

Health, education, living standards.

Happiness index — focus?

Subjective well-being and life satisfaction.

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The revision sheet covers the essential concepts of Global Development and Inequality. It is organized by topic to facilitate learning and memorization, with key definitions, explanations and summaries.

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The quiz contains 9 multiple-choice questions with detailed corrections and explanations for each answer. Ideal for testing your knowledge and identifying gaps.

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