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

2. 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

3. 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)

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

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

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

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

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

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

10. 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

11. 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

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

13. 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

14. 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

15. 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

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