Global Development and Inequality

From the study guide

Course Outline

  1. Global Inequality Measures
  2. Development and Poverty
  3. Regional Disparities
  4. Global Development Strategies
  5. International Aid and FDI
  6. Special Economic Zones
  7. National Development Policies
  8. Global Governance Institutions
  9. Major Global Powers

1. Global Inequality Measures

Key Concepts & Definitions

Development classification | A system used to categorize countries based on their level of socio-economic development, often using indicators like HDI and income approaches. | SOURCE: "Development classification using HDI and income approaches."

HDI (Human Development Index) | A composite statistic measuring a country's average achievements in health, education, and income, used to assess development levels. | SOURCE: "Development, using HDI (both social and economic approach)."

Global Multidimensional Poverty Index (MPI) | An index that measures individual deprivations across 10 indicators in health, education, and standard of living, with all dimensions equally weighted. | SOURCE: "Global Multidimensional Poverty Index = measures each person’s deprivations across 10 indicators in three equally weighted dimensions."

Happiness index | A newer criterion for measuring global inequality, based on subjective well-being and life satisfaction, supplementing traditional economic measures. | SOURCE: "New criteria to measure global inequality: the happiness index."

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Practice quiz preview

1. What is the Global Multidimensional Poverty Index (MPI)?

2. In which year did Willy Brandt propose the Brandt Line, which separates the more economically developed countries from the less developed ones?

3. What does the Human Development Index (HDI) primarily measure in assessing a country's development?

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Flashcard preview

Global Inequality Measures — purpose?

Assess disparities between countries and individuals.

Development, poverty — key factor?

Lack of basic needs and opportunities.

Development classification — purpose?

Categorize countries by socio-economic development levels.

HDI — what does it measure?

Health, education, income achievements.

MPI — dimensions?

Health, education, living standards.

Happiness index — focus?

Subjective well-being and life satisfaction.

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Frequently asked questions

What does the Global Development and Inequality study guide cover?

It covers the core concepts of Global Development and Inequality, organized by topic with the key definitions, explanations and takeaways, so it's easier to learn and remember.

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The practice quiz has 9 multiple-choice questions, each with an explanation. Use it to check what you know and find your gaps.

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