2/2/2015
ECONOMIC
DEVELOPMENT
REVIEW
HUMAN DEVELOPMENT
INDEX
www.glscott.org

Developed by the UN (United Nations) to rank
countries based on:

1)
Level of economic development

2)
Social and gender equality

3)
Quality of life enjoyed by the citizens
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ECONOMIC
DEVELOPMENT REVIEW
1) Indicators of Development
2) Levels of Economic Development
3) Economic Activities
INDICATORS OF
DEVELOPMENT
1) Demographic Data
2) Economic Data
3) Social Data
www.glscott.org
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INDICATORS OF
DEVELOPMENT
1) Demographic Data
Examples?
Population Size
Birth Rate (births per 1,000)
Infant Mortality Rate (infant deaths per 1,000
Life Expectancy
INDICATORS OF
DEVELOPMENT
2) Economic Data
Examples?
GDP (Gross Domestic Product)
GDP per capita (GDP per person)
www.glscott.org
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INDICATORS OF
DEVELOPMENT
3) Social Data
Examples?
Literacy Rate (% who can read and write)
Gender equality
Health System
Sanitation
Clean water
LEVELS OF ECONOMIC
DEVELOPMENT
www.glscott.org
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LEVELS OF ECONOMIC
DEVELOPMENT
1) Less Developed Nations
2) Newly Industrialized
3) More Developed Nations
LEVELS OF ECONOMIC
NATIONS
1) Less Developed Country
High:
birthrate
infant mortality rate
Increasing population size
Low:
Literacy rate
GDP per capita
life expectancy
Most people engaged in primary economic activity
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2/2/2015
LEVELS OF ECONOMIC
NATIONS
2) Newly Industrialized Country
Large number of people engaged in
secondary economic activities.
LEVELS OF ECONOMIC
NATIONS
3) More Developed Country
High:
Literacy rate
GDP per capita
Life expectancy
Low:
Birth rate
Infant Mortality rate
Majority of the workers engaged in tertiary or
quaternary economic activities
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2/2/2015
ECONOMIC ACTIVITIES
ECONOMIC ACTIVITIES
www.glscott.org

1)
Primary

2)
Secondary

3)
Tertiary

4)
Quaternary
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ECONOMIC ACTIVITIES

1)
Primary

What is it?
Extraction of a natural resource

Examples?
ECONOMIC ACTIVITIES

2)
Secondary

What is it?
Adding value to the natural resource
Processing the resource.

www.glscott.org
Examples?
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2/2/2015
ECONOMIC ACTIVITIES

3)
Tertiary

What is it?
Service

Examples?
ECONOMIC ACTIVITIES

4)
Quaternary

What is it?
Management
Gathering and disseminating information
Research

www.glscott.org
Examples?
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