GEOG 1HA3 Lecture Notes - Lecture 6: Human Development Index, Big Mac Index, Per Capita Income
16 Jan 2017
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Document Summary
Differentiating: less developed world (ldw) vs mdw, third world. Striking spatial variations in terms of well-being: have vs. have not. These differences exist at varying spatial scales: most easily defined at a global level, but can also be regional and national, or even local. Variations: levels of development: extreme points, but in between are at continuum. Extreme points are difficult to define, individual areas of any spatial scale can be identified along the scale: development: a process of improvement in the material conditions of life. Development is typically measured in economic terms: usage of metrics such as gdp, however, usages of these economic based metrics disregard the importance of social development, economic metrics can evaluate social metrics, but can not measure them. Development: a process of improvement in the material conditions of life. Implied: modernization, advancement, economic growth, production and consumption: we think about development as continuum between two points.
