(iii) Explain one reason why GDP might not be the best indicator of economic development of a country.
Causes of Unfair Trade
5. (i) Examine the terms below. Each is a contributing factor to unequal economic development, either past or present.
Place each term under the correct heading in the table below.
Climate
Exploitation of natural resources Severe weather
Physical Factor
Colonialism Unfair trade Tied aid
Historical Factor Remember!
You have used some of these terms before. If you cannot remember their definitions, now is the time to look them up and write them out.
Overpopulation Globalisation
Location (Rich North/Poor South) Social Factor
(ii) Severe weather like the flooding in western Europe mentioned in the news bulletin below can hinder the economic growth of even the most well-developed economies.
Enormous scale of destruction is revealed as water drops after historic flooding in western Europe
The number of people who lost their lives in the heavy floods in the western part of Germany increased to at least 81. Around 200,000 households lost power due to the floods.