Eco Dev Hw #1 - 1 In defining economic development to...

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1. In defining economic development to include more than just the growth per capita income, there is an implicit assumption that the growth of per capita income alone us not sufficient to guarantee the reduction of poverty and the growth of self- esteem. I don’t think it is possible that there could be a growth of per capita income without the achievement of these other objectives because an increase growth per capital income inevitably leads to improvement in self-esteem and poverty as a whole. Once people feel like they are breaking out of their oppressive state where they don’t have a greater choice, it automatically helps self-esteem, optimism and the poverty of a nation. Optimism would help people make the jump in the education, thus literacy rates & life expectancy would grow and would affect productivity and could lead to Economic Growth. Inevitably, it leads to the creation of more opportunities education, employment, and healthcare, which suggests an increase in the per capita income of every citizen.

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