Why do levels of economic development vary and how can they lead to inequalities?
- Created by: Jake199
- Created on: 01-06-14 11:26
View mindmap
- Why do levels of economic development vary and how can they lead to inequalities?
- Physical factors that effect economic development
- Location e.g landlocked
- Abundance of natural resources
- Climate
- Size of country
- Terrain
- Susceptibility to natural hazards
- Economic factors that effect economic development
- National loans and debts
- Presence of TNCs
- Strength of economy and PPP
- Imports and exports
- Level and efficiency of trade
- Size of workforce
- Foreign direct investment
- Employment structure
- Social factors that effect economic development
- Culture
- Population size
- Population structure and dependency raatios
- Status of women and ethnic minorities
- Political factors that effect economic development
- Trade
- Banking laws/guidlines
- National debt or loans
- Imports and exports
- Strength of economy and PPP
- Strength of currency
- Tax and interest rates
- Multinational group laws e.g EU economic policies
- Japan rapid economic development
- Physical
- Only 1/3 of Japan is inhabitable
- Little mineral and energy resources
- Infrastructure and industry destroyed after WWII
- Japanese TNCs have offices all over the world
- Economic
- Over-loaning policies
- Most high-tech and efficient industries in the world
- Worlds biggest TNCs e.g Fuji, Nissan, Honda
- Most manufacturing has taken place in China and India, increasing tertiary employment in Japan (75% of GDP)
- Government holds strict control over banks
- Efficient and reliable imports and exports
- High economic growth after WWII
- Social
- Pop of 150,000,000
- Culture ensures good work ethic
- Culture embraces change
- Political
- 3rd biggest trading nation
- Strict control over banks
- 1960s 'income doubling plan'- taxes and interest rates halved
- Efficient and reliable imports/exports
- Anti-monopoly laws
- Undervalued Yen increases profits from exports
- Provides econoimc and tech aids to secure imports
- Physical
- Physical factors that effect economic development
Comments
No comments have yet been made