2. Economic Development

3. Economic Development: to promote growth of the economy
Definitions
Economic: the production, distribution and consumption of goods and services
Development: to make available, useful and promote growth
Economic Development: to promote growth of the economy

6. Factors Affecting Economic Development

7. Geography: location, topography, climate
Resources:
Natural: finite, infinite, renewable
Human: physical, mental
Capital: money, goods
Technology: agriculture, industry, service, medicine

8. Markets: domestic, international
Politics: stability, human rights
Culture: Norms and beliefs, the role of women and other minorities
Decision making processes: roles of tradition and new ideas
History: role in world history, colonialism

9. Stop and think
Does Canada have a greater responsibility to assist those nations that may not have the same level of opportunities Canada has to develop their economy? (i.e. – what did we do to deserve this?)