ECONOMIC INDICATORS

How developed the economy is …

Measuring Wealth

Country as a Whole People

Total Income GDP / GNP

Average Income Income per

capita Gini

Coefficient

Economic Indicators

Measuring Employment

Country as a Whole Quality

Employment Rate % employed

/ unemployed

Employment Structure % primary,

secondary, tertiary

Economic Indicators

Employment Opportunities

Cycle of Development More jobs Income per capita increases Improved standard of living

In DCs, people desire for finer things in life, SOL/QOL

Eg of products or services designed to meet the lifestyle needs of people:

mp3 players Spa services

Fine dining

Employment Opportunities

In LDCs, demand for lifestyle g+s tend to be lower,

fewer employment opportunities in these .

In turn, there is an outflow of talent where people from LDCs migrate to DCs in search for jobs.

However, employment opportunities in LDCs have increased due to the trend of transference.

Employment Opportunities

If you've ever called Dell about a sick

PC, you have already bumped the tip

of this "offshore outsourcing" iceberg.

The friendly voice that answered your

questions was probably a customer-

service rep in Bangalore or New Delhi.

Those relatively low-skilled jobs were

the first to go offshore, starting in

1997.

Source: Time Magazine

http://www.time.com/time/magazine/article/0,

9171,1005348,00.html

Employment Structure

What are the three main employment sectors?

Primary Secondary Tertiary

Production of raw

materials

- E.g. Logging,

mining and

agriculture

Production of

goods from raw

materials

- E.g.

Manufacturing

Sales and services

sector

- E.g. Banking,

teaching and

tourism

Employment Structure

• Secondary and tertiary sectors contribute more to a country’s wealth.

Women Men Women Men Women Men

001 Norway 0.963 2 6 9 33 88 58

010 United States 0.944 1 3 12 32 87 65

011 Japan 0.943 5 5 21 37 73 57

025 Singapore 0.907 - - 18 31 81 69

135 Pakistan 0.527 73 44 9 20 18 36

139 Bangladesh 0.520 77 53 9 11 12 30

HDI

RankCountry

HDI

Value

Primary industry

(Agriculture and

extraction of raw

materials)

Secondary industry

(Manufacturing)

Tertiary Industry

(Services)

Employment by economic activity (%)Legend

High human

development

Medium human

development

Source: UNDP Human

Development Report 2003

What trend and/or pattern can u observe in the figures above?

Tertiary

Ctry Pri Sec Tert

A 25 35 40

B 15 10 75

C 60 20 20

D 50 10 40

Pri

Tertiary

Sec D

Ctry Pri Sec Tert

A 25 35 40

B 15 10 75

C 60 20 20

D 50 10 40

Pri

Tertiary

Sec

C

Ctry Pri Sec Tert

A 25 35 40

B 15 10 75

C 60 20 20

D 50 10 40

Pri

Tertiary

Sec

B

Ctry Pri Sec Tert

A 25 35 40

B 15 10 75

C 60 20 20

D 50 10 40

Pri

Tertiary

Sec

A

Ctry Pri Sec Tert

A 25 35 40

B 15 10 75

C 60 20 20

D 50 10 40

Pri

Tertiary

Sec

A

B

C

D