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Published byCamron Hancock Modified over 9 years ago
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Outline for 11/21: North-South Gap I Classifying Countries GDP per capita as an indicator Poverty Economic Growth Mono-economies North-South Gap: Worse or Better?
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Classifying Countries in terms of Economic Development North – high income, developed national economies South – lower income, lesser developed national economies Seems to imply a geographic role for economic development Is there any geographic reason why northern countries should be advantaged? 1 st World 2nd World 3 rd World Where did the 2 nd World countries go in terms of the North-South divide? What about the Asian tigers: Taiwan, Singapore, South Korea?
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Lots of Variation within the Global South GDP per capita as the standard measure of economic development Allen and Sutton, Student Atlas of World Politics, 9 th ed.
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Focus on the Least Developed Countries: Poverty Three degrees of poverty Extreme poverty: $1/person/day Moderate poverty: $1-2/person/day Relative poverty – below some national standard At least 1 billion people live in extreme poverty. Where are they concentrated? Poverty trap
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Allen and Sutton, Student Atlas of World Politics, 9 th ed. Extreme Poverty Worldwide
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How to reduce poverty and promote economic development: Economic Growth Growth in what? Small differences compound over time Determinants of per capita economic growth? investment share of GDP, secondary school enrollment, population growth
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Two complications to simply focusing on economic growth 1.Fast growth leads to inflation 2. Internal (or domestic) income inequality Kuznets curve Other complications?Other important economic considerations?
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Allen and Sutton, Student Atlas of World Politics, 9 th ed. Inequality Worldwide
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Mono-economies Defined as those producing one or two primary products (agriculture or mining) Country/product examples? Why is this a problem? Resource Curse example Ladder of economic development RungKey factorsCountries? Hi tech manufacturing, servicesK, HK Heavy manufacturingMore K, some HK, less L Light manufacturingL, some K Agriculture, miningL, R
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Allen and Sutton, Student Atlas of World Politics, 9 th ed. Economic Development and the Structure of the National Economy
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Is the North-South Gap Getting Worse? Maybe Yes
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Is the North-South Gap Getting Worse? Maybe No
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