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Economic Geography
Economic Geography
Third World (1950s) a term applied to countries considered not yet fully developed or in a state of underdevelopment in economic and social terms First world Western capitalist bloc Second World communist bloc
Core-Periphery
Economic Development
Is discussed in terms of levels and rates of change in prosperity, as reflected in bottom-line statistical measures of productivity, incomes, purchasing power, and consumption. For human geographers, Economic Development refers to processes of change involving the nature and composition of the economy of a particular region, as well as to increases in its overall prosperity.
Core
developed regions
G8 and G20
Periphery
Third World countries
Resources
Availability of key resources
Key Industrial Resourcesbasic raw materials and sources of energyare concentrated in Russia, US, Canada, South Africa, and Australia.
Exception: Oil fields concentrated in the Middle East.
The concentration of known resources in just a few countries is largely a result of geology, but it is also partly a function of countries political and economic development.
view that each region or country is progressing from the early stages of development with a heavy reliance on primary activities (relatively low levels of prosperity), through a phase of industrialization and on to a mature stage of post-industrial development (with a diversified economic structure and relatively high levels of prosperity)
Measurement of Development
GNP/GDP
GNP/GDP per capita Purchasing Power Parity (PPP)
4 Germany 3,235,000
5 France 2,635,000 6 United Kingdom 2,198,000
47 Philippines $158,700
Public services
(safe drinking water and sanitary disposal to maintain human health)
Health
( access to medical facilities and personnel. E.g.(1990) in developed countries one physician serves 375 people but in developing world nearly 2000 peopleBurkina Faso has 1:54,000, Ethiopia 1: 78,000 )
1 Macau 84.36
2 Andorra 82.51
3 Japan 82.12 4 Singapore 81.98
74 Thailand - .784
81 China - .768
84 PHILIPPINES - .763
9 Switzerland -.947
10 Netherlands - .947
150 Yemen
- .491