Unit 6: Development and Globalization
Development encompasses economic growth, quality of life, and social well-being, assessed through various indicators like GDP and HDI. Globalization increases the interconnectedness of countries, impacting economic, cultural, and political dimensions globally while posing both opportunities and challenges. The chapter explores these aspects, highlighting the need for sustainable solutions amidst globalization's diverse impacts on societies and the environment.
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6.1.2.4Multidimensional Poverty Index (Mpi)
The Multidimensional Poverty Index (MPI) assesses poverty through multiple...
What we have learnt
- Development includes economic growth and improvements in quality of life.
- There are various theories explaining economic development, including modernization and dependency theories.
- Globalization influences economic, cultural, and political dimensions, impacting various societies and their environments.
Key Concepts
- -- Development
- Progress in economic growth, quality of life, and social well-being of a country or community.
- -- Human Development Index (HDI)
- A composite index measuring average achievements in health, education, and income.
- -- Globalization
- The increasing interconnectedness and interdependence of countries through goods, services, and cultural exchange.
- -- Modernization Theory
- A linear model suggesting all countries progress from traditional to modern society, emphasizing industrialization.
- -- Dependency Theory
- A theory asserting that developing countries remain dependent on developed countries due to unequal trade relationships.
- -- Sustainable Development
- Development that meets present needs without compromising future generations' ability to meet their own needs.
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