BUSINESS
Lesson 6 Economic Development

Lesson 6 Economic Development - #6 Economic Development...

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#6: Economic Development Economic Development: Ask these questions when looking a country’s economic development. Income and growth? Poverty and inequality? Health and happiness? Market economy? Political rights and freedoms? Facts: 6.9 billion people in the world 826 million people don’t have enough food 1 billion people don’t have access to safe drinking water 2.4 billion have no sanitation 854 million illiterate adults, 543 million of them are women 325 million children out of school at the primary and secondary levels, 183 of them are girls 1.2 billion people living on less than 1 dollar a day 2.8 billion people living on less than 2 dollars a day 10,000 children die each day from diseases caused by contaminated water Rostow’s Linear Stages Model of Economic Development: Based on the experiences of the rich industrialized nations. Basic idea: with increasing investment, a country will move from a sustenance-based economy (agriculture) to an economy dominated by the production of industrial goods.
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