1. A Framework For Economic Development Objectives
Unit 18.2

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

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

4. 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.

5. 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