Factors That Affect Development

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Factors That Affect Development by Mind Map: Factors That Affect Development

1. Political

1.1. Stable Government

1.1.1. Creates laws, rules, and regulations that citizens will be more willing to comply with if implemented by a stable government

1.1.2. Ensures fair monetary distribution to all areas of development (education, infrastructure, etc)

1.2. Democratic Government

1.2.1. Citizens electing their own leaders and representatives inspires a more fair and stable society becuase of the implimentation of laws and policies that reflect the opinions and ideals of the people

1.2.2. Lessens the possibility of corruption

1.3. Corruption

1.3.1. Unequal distribution of wealth harms a nation's economy and its government's legitimacy.

1.3.2. Can lessen the possibility of support from other nations

2. Economic

2.1. Debt

2.1.1. Wealthy nations gross debt figures are balanced by debts owed to them by other countries.

2.1.2. Poor Nations, do not have debts written off because their income per capita is usually too high to meet the IMF and World Bank criteria.

2.2. GDP

2.2.1. GDP is considered the broadest indicator of economic output and growth.

2.2.2. Data is only released quarterly (not well timed)

3. Social

3.1. Discrimination

3.1.1. Racial or religious discrimination can foster segregation, which impoverishes the particular population who cannot obtain access to fundamental needs for basic living

3.1.2. Being discriminated based on race or gender has a direct impact on one’s economic opportunity, and therefore the opportunities for the entire population to innovate and make progress

3.1.3. State governments suffer severely when certain groups are discriminated against

3.2. Culture

3.2.1. Culture can have hidden effects in business, trade and development

3.2.2. Poorer Nations tend to view themselves as victims, while wealthier Nations can be too overpowering

3.3. Education

3.3.1. An individuals level of education is a major factor in determining the success of the economy

3.3.2. Well educated workers tend to be more productive and earn more money than workers who are uneducated

3.3.3. More educated societies can lead to....

3.3.3.1. Higher rates of innovation

3.3.3.2. Higher overall productivity

3.3.3.3. Introduce new and better production methods

3.3.3.4. Faster introduction of new technology

4. Environmental

4.1. GDP

4.1.1. Loss of arable land due to environmental factors hurts agriculture which harms GDP

4.1.2. Environmental problems prevents certain industries such as fishing and farming from being sustainable, harming and shifting the focus of the economy

4.2. Education

4.2.1. Loss of land and structures due to environmental crises disrupts education

4.2.2. Constant migration due to loss of land results in overcrowding of existing schools

4.3. Health

4.3.1. Loss of land and infrastructure inhibits the establishment of health centers which harms life expectancy and infant mortality rates

4.3.2. Decreasing life expectancy

4.4. Inspires innovations

4.4.1. Environmental issues may cause one industry to become unsustainable, which can detrimentally impact economy. This forces nations to innovate for new ways to generate income and provide their people with basic needs.

4.4.2. Nations can use their environment to generate profit from natural resources

4.4.3. Dams/infrastructure built to generate clean and sustainable energy