outline for 11/21: north-south gap i classifying countries gdp per capita as an indicator poverty...
Post on 05-Jan-2016
215 Views
Preview:
TRANSCRIPT
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?
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?
1st World
2nd World
3rd World
Where did the 2nd World countries go in terms of the North-South divide?
What about the Asian tigers: Taiwan, Singapore, South Korea?
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, 9th ed.
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
Allen and Sutton, Student Atlas of World Politics, 9th ed.
Extreme Poverty Worldwide
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
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?
Allen and Sutton, Student Atlas of World Politics, 9th ed.
Inequality Worldwide
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 developmentRung Key factors Countries?
Hi tech manufacturing, services K, HK
Heavy manufacturing More K, some HK, less L
Light manufacturing L, some K
Agriculture, mining L, R
Allen and Sutton, Student Atlas of World Politics, 9th ed.
Economic Development and the Structure of the National Economy
Is the North-South Gap Getting Worse? Maybe Yes
Is the North-South Gap Getting Worse? Maybe No
top related