WORLD DEVELOPMENT

AND
GLOBALIZATION
MADE BY RAMEEN AHMED
JR 3A
 WHAT IS DEVELOPMENT AND HOW IT IS
MEASURED
A. Development is a level of economic growth and
the wealth of a country. Economic development
usually refers to new technologies, transition from
agriculture-based to industry-based economy, and
general improvement in living standards.
B. The HDI (Human Development Index) is a way to
measure people living within a country. This is
mainly a social measurement because it takes into
consideration of education and healthcare of
people. But to measure the country's wealth GDP
(GROSS DOMESTIC PRODUCT) is used. Gross
means the total and the domestic product is the
value of goods and services in the country. The
GDP in the rich countries is higher.
 GLOBALIZATION

A. Globalization is a way in which countries and

people of the world interact and integrate. It is
primarily an economic process that's associated
with social and cultural aspects. Globalization is
the free movement of goods, services and
people across the world.
B. Economic globalization is how countries are
coming together as one big global economy,
making international trade easier.
There are three main classifications of
globalization
C. Political globalization.
D. Social globalization.
E. Economic globalization
 WORLD DISTRIBUTION OF RICH AND
POOR COUNTRIES
A. Economically well and developed countries generate
enough wealth to give citizens a high standard of
living and people can afford the essentials of a good
life
B. People are unable to carry out a living in the
developing countries like Africa and South Asia. In
the rural areas bad weather means poor harvests
and hunger. They live in dirty overcrowded slums,
without education and they are unskilled so they
struggle to find a job.
C. Low income is the basic economic problem in the
less developed countries. Crime as a socio
economic problem is very prevalent in the poor
countries.
 ECONOMIC AND INDUSTRIAL
GROWTH IN ASIA

A. East Asia is one of the world's leading

manufacturing regions. Manufacturing-based
industries are automotive, electronics, and
textile. Across China, South Korea and Taiwan,
goods as cheap as toys to as high value as cars
are manufactured. North Korea and Afghanistan
are the poorest countries in Asia whereas japan
is the most developed country in Asia
B. Asia‘s industrial growth is due to the government
support, easy access to the sea, cheap labour
and the government of a country plays a vital
role by
1) Welcoming the foreign companies to invest
and set up their factories so there is the
growth of trade and industry
 INDUSTRIAL GROWTH IN CHINA

A. China is the world's largest manufacturing economy

and exporter of goods. Industry (including mining,
manufacturing, construction, and power) contributed
46% of GDP in 2010
B. In 1980s china allowed many overseas companies
and markets to start their business and set up their
factories in china as many of their leaders realized
that they can modernize with the help from the
foreign companies i.e modern technology, skilled
workers and can increase their productivity
C. Chinas growth of the manufacturing industry was
due to the cheap labour ,government support,
market etc.