A Framework For Economic Development Objectives

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Presentation transcript:

A Framework For Economic Development Objectives Unit 18.2

Resources What should a country do to economically prosper? High Levels of Human Capital Education Training Healthcare High Levels of Physical Capital Infrastructure Capital Goods

Stability Effective Government Institutions Stable Prices Non-corrupt Efficient Stable Prices Low inflation Protected Property Rights

Opportunity Open International Trade Trade is important, but unlimited trade can be disastrous Increase Social and Economic Mobility Europe now has more mobility than US Control Corruption One of the most difficult to control Limit Regulation Open to debate; while some regulations are created to help only a few companies, other regulations prevent widespread abuses.

Financing Development Internal Investment Capital Flight Foreign Investment Loans and Aid Default International Help Agencies World Bank International Monetary Fund Debt restructuring Stabilization Programs United Nations Development Program

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