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WJEC · GCSE · Economics · Revision Notes

Development Economics

70 words · Last updated July 2026

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What you'll learn

How and why living standards differ between countries.

Key ideas

  • Measuring development: GDP per capita and the HDI; the development gap.
  • Strategies: aid, investment in human capital and fair trade.
  • Sustainable development protects the future.

Exam tips

  • Use several indicators, not GDP alone.
  • Support with named examples.

Common mistakes

  • Judging development on wealth alone.
  • Ignoring sustainability.
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