GEOG101 Chapter Notes - Chapter 18: Sub-Saharan Africa, Tiger Economy, Deflation

• School: University of Waterloo
• Department: Geography and Environmental Management
• Course: GEOG101
• Professor: Elijah Bisung

Document Summary

Wealthiest countries are found in the temperate zones of the northern and southern hemisphere. 18a meanings of development and development disparities today. Discussion of world development means raising the living standards of the world"s poorest countries and so reducing disparities between countries. Third world, less developed countries and developing world terms used to designate poor countries. Rich countries first world, developed countries and more developed countries. Development occurs everywhere, in rich and poor countries. Development is a process with several related aspects political, social, human and economic. Economic development karl marx outlined stages that various societies go through. Only during 20th ce that development came to be associated with increasing the welfare of poorer countries. Government agencies, nongovernmental organizations and researchers saw economic development as a sustained, secular improvement in material well being reflected in an increasing flow of goods and services. Increasing economic development was the same as increasing gross national product.