Cp 1 Introduction to International Economic Development - Cp 1 Introducing Economic Development A Global Perspective We have a collective responsibility

Cp 1 Introduction to International Economic Development -...

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Cp 1 – Introducing Economic Development: A Global Perspective “We have a collective responsibility to uphold the principles of human dignity, equality and equity at the global level. As leaders we have a duty therefore to all the world’s people, especially the most vulnerable and, in particular, the children of the world, to whom the future belongs.” – United Nations , Millennium Declaration, September 8, 2000 “Development can be seen…as a process of expanding the real freedoms that people enjoy.” – Amartya Sen, Nobel Laureate in economics “Globalization offers incredible opportunities. Yet exclusion, grinding poverty, and environmental damage create dangers. The ones that suffer most are those who have the least to start with – indigenous peoples, women in developing countries, the rural poor, Africans, and their children.” – Robert Zoellick, president, World Bank, 2007 Under necessaries, therefore, I comprehend, not only those things which nature, but those things which established rules of decency, have rendered necessary to the lowest rank of people.” – Adam Smith , The Wealth of Nations I. How the Other Half Live When one is poor, she has no say in public, she feels inferior. She has no food, so there is famine in her house; no clothing, and no progress in her family. —A poor woman from Uganda For a poor person everything is terrible—illness, humiliation, shame. We are cripples; we are afraid of everything; we depend on everyone. No one needs us. We are like garbage that everyone wants to get rid of. —A blind woman from Tiraspol, Moldova Life in the area is so precarious that the youth and every able person have to migrate to the towns or join the army at the war front in order to escape the hazards of hunger escalating over here. —Participant in a discussion group in rural Ethiopia When food was in abundance, relatives used to share it. These days of hunger, however not even relatives would help you by giving you some food. —Young man in Nichimishi, Zambia We have to line up for hours before it is our turn to draw water. —Mbwadzulu Village (Mangochi), Malawi [Poverty is] . . . low salaries and lack of jobs. And it’s also not having medicine, food, and clothes. —Discussion group, Brazil Don’t ask me what poverty is because you have met it outside my house. Look at the house and count the number of holes. Look at the utensils and the clothes I am wearing. Look at everything and write what you see. What you see is poverty. —Poor man in Kenya A universal theme reflected in these seven quotes is that poverty is more than lack of income – it is inherently multidimensional, as is economic development . Concepts o Absolute poverty – a situation of being unable to meet the minimum levels of income, food, clothing, healthcare, shelter, and other essentials 1
o Subsistence economy – an economy in which production is mainly for personal consumption and the standard of living yields little more than basic necessities of life – food, shelter, and clothing.

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