Explain the Impacts of Industrial Development and Globalization on the Population

question 43

Essay

Explain the impacts of industrial development and globalization on the population of the world and its health. What disparities are there between more developed nations and those that are less developed? How does globalization contribute to the spread of diseases and viruses? Provide specific examples and discuss how the most recent pandemic particularly impacted the global population.

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Definitions:

Real GDP

Real Gross Domestic Product measures a country's economic output adjusted for price changes, such as inflation or deflation, to reflect the true value of goods and services produced.

Recession

A phase of short-term economic downturn where business activities and manufacturing diminish, usually signaled by two successive quarters of GDP decrease.

Nominal GDP

Measures a country's gross domestic product using current prices, without adjusting for inflation or deflation, providing a raw economic output figure.

Real GDP Per Person

A measure of the economic output of a country adjusted for price changes (inflation or deflation) and divided by the total population.