Development and Poverty

Development and Poverty - Development and Poverty Causes...

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Development and Poverty Causes and constraints on economic development Puzzling issue: o some countries have had spectacular rises in wealth ex: South Korea o some countries see a huge decrease in wealth ex: Zimbabwe o Big changes not the norm Global poverty rates typically do not change o Why is economic development so slow Why haven’t markets and governments worked better to address the lack of economic progress Defining a lack of economic development Less material and income: o Wealthy: 10,000s o Poor: 100s Poor distribution of wealth Continued migration from rural to urban areas o Causes issues: Cannot deal with the amount of people Infrastructure problems Job issues Lack of domestic investment in people, infrastructure, and services Younger and rapidly growing population Factors contributing toward wealth and income Geography and history o Landlocked countries Higher costs of trade Higher costs of engagement in global economy
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This note was uploaded on 02/28/2011 for the course PSC 001 taught by Professor Teitelbaum during the Fall '08 term at GWU.

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Development and Poverty - Development and Poverty Causes...

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