What is the difference between developed and developing countries?
Developed countries have high levels of economic development, infrastructure, and living standards, while developing countries are still in the process of achieving these levels.
What is the demographic transition model?
The demographic transition model is a model that shows the changes in population growth rates and age structure as a country develops.
What are the stages of the demographic transition model?
The stages of the demographic transition model are high stationary, early expanding, late expanding, and low stationary.
What is the multiplier effect?
The multiplier effect refers to the process by which an initial change in one economic activity leads to a series of additional changes in other economic activities.
What is foreign direct investment (FDI)?
Foreign direct investment (FDI) is the investment made by a company or individual from one country into a business or project in another country.
What is the role of transnational corporations (TNCs) in dynamic development?
Transnational corporations (TNCs) play a significant role in dynamic development by investing in foreign countries, creating jobs, and transferring technology and knowledge.
What are the advantages and disadvantages of tourism in dynamic development?
Advantages of tourism include economic growth, job creation, and cultural exchange. Disadvantages include environmental degradation, cultural commodification, and economic leakage.