Econ 114-Lecture 15

Econ 114-Lecture 15 - Econ 114 Lecture 15 Announcements...

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Econ 114 Lecture 15
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Announcements PSET 6 due today This week covers chapter 12 and 13 Final Exam: Chapters 1-4 + 6-13, maybe 14. The final is cumulative with 10-15 T/F/U as the midterm and 2-3 math problems such as those in the Psets No need for blue books
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Road Map Proximate causes of income differences factor accumulation factor productivity Fundamental causes of income differences Bad govts and institutions (central planning) Inequality (Latin America) Culture (there is not much to say…it really is not culture!)
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Governments Compare two countries that are identical in all aspects by government. Korea was divided at the 38th parallel in accordance with a UN arrangement, to be administered by the Soviet Union in the North and The united states in the South.
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Effects on Growth 1. Rule of Law 2. Government Size 3. Planning and industrial policies State enterprises control over banking and other heavy industries Governments as “markets” for agricultural goods price stabilization ( corruption ) Trade restrictions (protect certain sectors)
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Why a bad government? First, maybe they are not benevolent or
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This note was uploaded on 11/03/2011 for the course ECON 114 taught by Professor Cindybenelli during the Spring '08 term at UCSB.

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Econ 114-Lecture 15 - Econ 114 Lecture 15 Announcements...

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