Week 1 for Development economic

Week 1 for Development economic - Week 1 (Class 1 for...

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Week 1 (Class 1 for Economic Development) 2-29-2011 We study the case of India: reason because a lot of poverty and 85% people live below living standard. So what is Economic Development? Chp.2 There are many side (Face) “Better off”: increase standard of living How do we measure it Using GDP/ Per capital GDP: but is it correct if you use GDP to measure the standard of living (etc) Country A Income per person: 10 10 10 10 60 GDP: 100 Per Capital GDP:20 They both have the same GDP Country B Income per person: 20 20 20 20 20 doesn’t mean everyone have same income GDP:100 Per Capital GDP: 20 Looking at this Greater per capital income/GDP doesn’t equal to Growth and develop of the country. Teacher believe is not sufficient This is the one approach But is this the only approach. Even though this is not the only approach but it was for a long time. If we look deeply into this, we should limit us to such narrow gap to see the development of an economic by capital. Other approach: Social approach:
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This note was uploaded on 08/02/2011 for the course ECON 149 taught by Professor Sohrabian during the Spring '08 term at UC Irvine.

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Week 1 for Development economic - Week 1 (Class 1 for...

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