development

development - Economics HL Notes Graeme...

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Economics HL Notes Graeme ([email protected]) [ 1 ] Section 5: Development Economics Contents Distinction between Growth and Development . ................................................................................ 3 Characteristics of Economic Growth . ................................................................................................. 3 Indicators of Development . ............................................................................................................... 3 Sources of economic growth and/or development . ........................................................................... 4 Natural factors: the quantity and/or quality of land or raw materials . ............................................ 4 Human factors: the quantity and/or quality of human resources . .................................................. 5 Physical capital and technological factors: the quantity and/or quality of physical capital . ............. 5 Institutional factors that contribute to development . .................................................................... 6 Consequences of growth . .................................................................................................................. 7 Negative Externalities . ................................................................................................................... 7 Income distribution . ...................................................................................................................... 7 Sustainability . ................................................................................................................................ 7 Barriers to economic growth and/or development . ........................................................................... 8 Poverty Cycle . ................................................................................................................................ 8 Institutional and political factors. ................................................................................................... 8 International trade barriers . ........................................................................................................ 10 International financial barriers . .................................................................................................... 11 Other Barriers . ............................................................................................................................. 12 Growth and development strategies . .............................................................................................. 13 Harrod-Domar growth model . ..................................................................................................... 13 Structural change / Lewis dual sector model . ............................................................................... 13 Types of Aid . ................................................................................................................................ 14
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This note was uploaded on 02/12/2010 for the course ECON 201 taught by Professor Smith during the Spring '10 term at Whittier.

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development - Economics HL Notes Graeme...

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