Topic overview
What you need to know
Development is uneven and measured in several ways. Economic change affects quality of life, employment structure, trade relationships and regional inequality.
Exam tip
Avoid relying on one development indicator; compare economic and social measures and explain why the development gap exists.
Core knowledge
Key facts for The Changing Economic World
Development
Improvement in people's quality of life and standard of living.
GNI per head
The total income earned by a country's people and businesses divided by its population.
Human Development Index
A composite measure combining life expectancy, education and income.
Development gap
The difference in wealth and quality of life between richer and poorer places.
TNC
A transnational corporation that operates in more than one country.
Post-industrial economy
An economy in which services, information and research are more important than manufacturing.
Finished learning?
Mark the notes complete, then test what you can recall.