Presentation is loading. Please wait.

Presentation is loading. Please wait.

DEVELOPING COUNTRIES AND ECONOMIES. ONE: THE CAMPAIGN TO MAKE POVERTY HISTORY.

Similar presentations


Presentation on theme: "DEVELOPING COUNTRIES AND ECONOMIES. ONE: THE CAMPAIGN TO MAKE POVERTY HISTORY."— Presentation transcript:

1 DEVELOPING COUNTRIES AND ECONOMIES

2 ONE: THE CAMPAIGN TO MAKE POVERTY HISTORY

3 A DEVELOPING COUNTRY Any country that has a “low” average per capita income and less developed infrastructure, education, and health care system

4 FACT: 1+ Billion per day make less than 1 dollar

5 What is the best way to help people who are in need? Direct government aid and voluntary civic assistance are two “bandaids ” Ultimately providing the means for a country to develop economic growth and development

6 POVERTY Look around and it is the source of political instability and social discontent. It must be combatted

7 THE DOLLAR AND PER CAPITA Economists must have standards to use in order to COMPARE countries DOLLAR: all currency is converted to this standard PER CAPITA: to compensate for population differences( CHINA v. ICELAND

8 POVERTY NUMBERS ARE IMPROVING

9 ECONOMIC PROGRESS IS THE ANSWER Many folks from developing countries feel that it is their MORAL OBLIGATION to help others

10 In addition, Developed countries need sources of raw materials and markets to sustain the status quo.

11 This also provides for a more stable POLITICAL DEVELOPMENT

12 STAGES OF ECONOMIC DEVELOPMENT Economists disagree if “stages” adequately describes what happens in all countries, however talking in ”stages” is helpful in gaining an understanding of the process.

13 STAGE # 1 PRIMITIVE EQUILIBRIUM First stage of economic development during which the economy is STAGNANT or no formal economic system No monetary system and no motivation to develop one. Rules are passed down from generation to generation

14 STAGE # 2 TRANSITION Breaking from PE

15

16

17

18

19

20


Download ppt "DEVELOPING COUNTRIES AND ECONOMIES. ONE: THE CAMPAIGN TO MAKE POVERTY HISTORY."

Similar presentations


Ads by Google