IB Global Politics Development Latest Update Graded A+

IB Global Politics Development Latest Update Graded A+ development sustained increase in the standard of living of a society human development the process of enlarging people's freedoms and opportunities and improving their well-being economic development the increase in productivity and revenue sociopolitical development social developments GDP shows average income but does not show how this is dispersed Gini Coefficient measures inequality of society, assumes inequality is bad for development North/South Divide the economic divide between developed and developing nations Neocolonialism indirect exploitation f LICs by powerful countries (often ex colonisers and china) Maslow's Hierarchy of Needs basic needs are fulfilled before social needs neocolonialism perks relationships symbiotic/sovereignty respected Human Development Index (HDI) life expectancy, education and income Happy Planet Index (HPI) measures long-term impact on the environment Modernisation theory based on industrialised western countries, suggests there is only one way for countries to develop/ subsistence agriculture, entrepreneurs and investment, economic takeoff, diversification, mass consumption Dependency Theory critic of modernisation theory, rooted in marxism, focuses on whole world economy rather than individual states/ unequal global trade, core and periphery, core became rich by exploiting periphery, periphery cannot do the same Neoliberalism (dominant world economic policy) free market is fairest and fastest, government interference is bad Washington Consensus lighter version of neoliberalism, deregulation should be balanced with an overseeing government globalisation increasing interaction and interdependence between people, trading entities and governments Economic Globalization increasing integration and interdependence of global economies: international trade Political Globalization increasing global governance and influence through IGOs and NGOs (un,eu, wwf) cultural globalization increased sharing of ideas, meaning and values across the world (films, tv, books, games) by the internet and increased