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3_Geog155_Lecture_part1

3_Geog155_Lecture_part1 - DEVELOPMENT Development includes...

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1 DEVELOPMENT 2 Questions for part 1: What is development? What does development mean? What are some ways of measuring and defining development? What can explain some of the development patterns that we see globally? 3 What is Development? Getty Images http://www.york.ac.uk http://shum.cc.huji.ac.il/~nirelr/images/air1.powerplant.jpg/ http://www.sfcleancity.com/ http://ap.grolier.com/ http://images.jupiterimages.com/common /detail/96/13/23421396.jpg 4 Development includes a number of different elements: Infrastructural Development Transportation networks, plumbing, sanitation, public institutions (prisons, schools, hospitals, etc.), communication networks, etc. Political Stability Healthy Population/ Health Care Higher levels of human rights protection and justice Generally greater social equality High education and literacy rates Environmental protection As well as other elements 5 Economy: Measures of Wealth Gross Domestic Product (GDP): total value of goods and services produced within a country Gross National Income (GNI): GDP + foreign transactions Caracas, Venezuela: Layers of wealth http://www.tinnong24h.com/2020/popup?id=2953800 6 Global GNI/Capita http://commons.wikimedia.org/wiki/File:GNI_PPP_Per_Capita.png
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7 Economy: Measures of Wealth Gross Domestic Product (GDP): total value of goods and services produced within a country Gross National Income (GNI): GDP + foreign transactions HDI (Human Development Index): Economics + Health + Education (UN) 8 Global HDI Values Countries fall into three broad categories based on their HDI: high , medium , and low human development. http://en.wikipedia.org/wiki/Human_Development_Index 9 Economy: Measures of Wealth Gross Domestic Product (GDP): total value of goods and services produced within a country Gross National Income (GNI): GDP + foreign transactions HDI (Human Development Index): Economics + Health + Education (UN) Purchasing power parity (PPP): what the national income is worth in terms of equivalent purchasing power – GNI-PPP 10 Purchasing Power Parity (PPP) Purchasing Power Parity (PPP) is designed to compare standard of living based on what a person in a country can buy with their currency. A PPP exchange rate tries to equalize the purchasing power of various currencies in their respective home countries for a given basket of goods. 11 The Economist’s Big Mac Index 12 Economy: Measures of Wealth Gross Domestic Product (GDP): total value of goods and services produced within a country Gross National Income (GNI): GDP + foreign transactions HDI (Human Development Index): Economics + Health + Education (UN) Purchasing power parity (PPP): what the national
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