{"id":73,"date":"2014-06-13T19:40:14","date_gmt":"2014-06-13T19:40:14","guid":{"rendered":"http:\/\/opentextbc.ca\/geography\/?post_type=chapter&#038;p=73"},"modified":"2014-08-11T17:13:52","modified_gmt":"2014-08-12T00:13:52","slug":"3-2-introduction","status":"publish","type":"chapter","link":"https:\/\/opentextbc.ca\/geography\/chapter\/3-2-introduction\/","title":{"raw":"Introduction","rendered":"Introduction"},"content":{"raw":"This chapter will focus on the notion of quality-of-life measures, livable cities and some social issues.\r\n\r\nIn Geography, economic development analysis often focuses on a core-periphery global divide based on advanced technological economies versus less-developed countries (LDCs) or what is sometimes referred to as the Global South or the Third World.\r\n\r\nEconomic development is measured based on a country's <strong>gross domestic product (GDP)<\/strong>, <strong>gross national income (GNI)<\/strong> and <strong>purchasing power parity (PPP)<\/strong>.\r\n\r\n<strong class=\"Bold\">Gross domestic product<\/strong>\u00a0(GDP) is usually used as an estimate of the total value of all materials, foodstuffs, goods and services that a country produces in one year. As GDP is a measure of commodities, the figure for each country is divided by the total population of the country in order to get the\u00a0per capita GDP.\r\n\r\n<strong class=\"Bold\">Gross national income<\/strong>\u00a0(GNI) is a measure of the income that flows into a country from production no matter where in the world companies from that country may be operating.\r\n\r\n<strong>P<\/strong><strong class=\"Bold\">urchasing power parity\u00a0<\/strong>(PPP) is the\u00a0third important measurement of economic development.\u00a0This tool calculates\u00a0how much the local currency of a country can buy locally (i.e., what can you buy with CAD 20 in Canada compared with its equivalent in Colombia.\r\n\r\nThere are a number of other tools used to measure economic development and these are available in the resource section.","rendered":"<p>This chapter will focus on the notion of quality-of-life measures, livable cities and some social issues.<\/p>\n<p>In Geography, economic development analysis often focuses on a core-periphery global divide based on advanced technological economies versus less-developed countries (LDCs) or what is sometimes referred to as the Global South or the Third World.<\/p>\n<p>Economic development is measured based on a country&#8217;s <strong>gross domestic product (GDP)<\/strong>, <strong>gross national income (GNI)<\/strong> and <strong>purchasing power parity (PPP)<\/strong>.<\/p>\n<p><strong class=\"Bold\">Gross domestic product<\/strong>\u00a0(GDP) is usually used as an estimate of the total value of all materials, foodstuffs, goods and services that a country produces in one year. As GDP is a measure of commodities, the figure for each country is divided by the total population of the country in order to get the\u00a0per capita GDP.<\/p>\n<p><strong class=\"Bold\">Gross national income<\/strong>\u00a0(GNI) is a measure of the income that flows into a country from production no matter where in the world companies from that country may be operating.<\/p>\n<p><strong>P<\/strong><strong class=\"Bold\">urchasing power parity\u00a0<\/strong>(PPP) is the\u00a0third important measurement of economic development.\u00a0This tool calculates\u00a0how much the local currency of a country can buy locally (i.e., what can you buy with CAD 20 in Canada compared with its equivalent in Colombia.<\/p>\n<p>There are a number of other tools used to measure economic development and these are available in the resource section.<\/p>\n","protected":false},"author":37,"menu_order":1,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-73","chapter","type-chapter","status-publish","hentry"],"part":224,"_links":{"self":[{"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/pressbooks\/v2\/chapters\/73","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/wp\/v2\/users\/37"}],"version-history":[{"count":11,"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/pressbooks\/v2\/chapters\/73\/revisions"}],"predecessor-version":[{"id":1074,"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/pressbooks\/v2\/chapters\/73\/revisions\/1074"}],"part":[{"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/pressbooks\/v2\/parts\/224"}],"metadata":[{"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/pressbooks\/v2\/chapters\/73\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/wp\/v2\/media?parent=73"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/pressbooks\/v2\/chapter-type?post=73"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/wp\/v2\/contributor?post=73"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/opentextbc.ca\/geography\/wp-json\/wp\/v2\/license?post=73"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}