3.6 Identify global patterns of economic development
SOL 9: Understands the origins and impacts of social, economic and environmental aspects of the world.
SOL 16: Describes, illustrates, interprets, predicts and explains patterns and relationships.
SOL 18: Observes and evaluates empirical events and processes and draws valid deductions and conclusions.
Economic Development and Inequality
Learning Intentions
You will be able to: „„
Examine the economic divide that exists in the world today. „„Describe how economic development is measured. „„Examine some causes of unequal economic development. „„
Examine how economies can grow, as well as rates and patterns of economic development around the world.
27.1 Economic Development: Rich
North vs Poor South An economic divide exists in our world today. There are rich parts of our world, and there are poor ones. Figure 1 shows that our world can be broadly divided into two regions, the generally rich North and the generally poor South.
Key Words Economy
Developed countries
Developing countries
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The wealthiest eighty-five people on the planet have more money than the poorest 3.5 billion people combined.
