Life Impact | The University of Adelaide University of Papua New Guinea Economic Development Lecture 2: Features of Developing Countries

University of Papua New Guinea Slide 1 Lecture 2: Features of Developing Countries Michael Cornish Overview Measuring Development The World’s Poor: A Snapshot Characteristics of a typical LDC International organisations

University of Papua New Guinea Slide 2 Lecture 2: Features of Developing Countries Michael Cornish Measuring Development Gross National Income (GNI) GDP Human Development Index (HDI) Gross National Happiness (GNH)

University of Papua New Guinea Slide 3 Lecture 2: Features of Developing Countries Michael Cornish The World’s Poor: A Snapshot Source: IMF, 2009

University of Papua New Guinea Slide 4 Lecture 2: Features of Developing Countries Michael Cornish Source: Univ. Nacional de La Plata, 2000

University of Papua New Guinea Slide 5 Lecture 2: Features of Developing Countries Michael Cornish Share of global income

University of Papua New Guinea Slide 6 Lecture 2: Features of Developing Countries Michael Cornish People living in poverty: ‘81-’02

University of Papua New Guinea Slide 7 Lecture 2: Features of Developing Countries Michael Cornish Source: NASA, 2009

University of Papua New Guinea Slide 8 Lecture 2: Features of Developing Countries Michael Cornish Source: Facebook, 2010

University of Papua New Guinea Slide 9 Lecture 2: Features of Developing Countries Michael Cornish Characteristics of a typical LDC Lower GDP/capita Lower levels of productivity Lower levels of human capital Higher levels of inequality Higher population growth

University of Papua New Guinea Slide 10 Lecture 2: Features of Developing Countries Michael Cornish Characteristics of a typical LDC More divided societies - ‘social fractionalisation’ Larger rural populations Less industrialisation Adverse geography/climate

University of Papua New Guinea Slide 11 Lecture 2: Features of Developing Countries Michael Cornish Haiti v. the Dominican Republic Source: Nasa, 2002

University of Papua New Guinea Slide 12 Lecture 2: Features of Developing Countries Michael Cornish Characteristics of a typical LDC Less developed ‘enabling’ markets Colonial legacies Poor domestic governance History of conflict / state fragility Higher levels of religiousness

University of Papua New Guinea Slide 13 Lecture 2: Features of Developing Countries Michael Cornish International Organisations IMF –Oversees the international monetary system World Bank –Finances development projects World Trade Organisation OECD G8, G20 BRICS

University of Papua New Guinea Slide 14 Lecture 2: Features of Developing Countries Michael Cornish International Organisations Trading blocs UN agencies Government aid agencies International corporations NGOs

University of Papua New Guinea Slide 15 Lecture 2: Features of Developing Countries Michael Cornish Bhutanese GNH in action…