Guided Log Entries

Guided Log Entries - Guided Log Entries 1. The first idea...

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Guided Log Entries 1. The first idea presented in the chapter which I found to be interesting was the fact the half of the world’s population lives on less than two dollars a day. This is an idea that is rather difficult for myself, and I imagine, most Westerners to fathom. We live in a world where two dollars can’t even buy a coffee from Starbucks, so while we may understand that this is indeed a fact, really comprehending it is a different story. While I do realize that in the poorer countries living expenses and goods are a lot cheaper, it is very hard to imagine how one could live on such a small amount and not have to struggle with poverty and hunger. So while we live in a society roughly less then 10% of our citizens have to struggle with such issues, more then half of the world’s population has to deal with these issues on an everyday basis. Thinking about this makes one realize just how great the disparity between the haves and the have-nots of this world is. I think that this fact along with the description of the lifestyles of families in different socio-economic levels in different countries was a very interesting way to introduce the reader to developmental economics. A second idea that I found to be interesting and intriguing was the three objectives of development. I found this to be interesting because I find it to be such a stark contrast to the concern of the previous economics courses that I’ve taken. In my
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This note was uploaded on 04/14/2008 for the course ECON 3310 taught by Professor Dix during the Spring '08 term at York University.

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Guided Log Entries - Guided Log Entries 1. The first idea...

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