Send the link below via email or IMCopy
Present to your audienceStart remote presentation
- Invited audience members will follow you as you navigate and present
- People invited to a presentation do not need a Prezi account
- This link expires 10 minutes after you close the presentation
- A maximum of 30 users can follow your presentation
- Learn more about this feature in our knowledge base article
Do you really want to delete this prezi?
Neither you, nor the coeditors you shared it with will be able to recover it again.
Make your likes visible on Facebook?
Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.
ECONOMIC GROWTH & ECONOMIC DEVELOPMENT
Transcript of ECONOMIC GROWTH & ECONOMIC DEVELOPMENT
DOES ECONOMIC GROWTH LEAD TO ECONOMIC DEVELOPMENT?
Increases in output & incomes over time, measured on a per capita basis.
more developed / less developed
Process that leads to improved standards of living for a population as a whole.
increased output & income
reduction of unemployment & poverty
increase in availability of food, shelter, sanitation, education and health care services
Economic Growth does not necessarily follow Economic Development. (GNI per capita gap)
3 core values of development
3)Freedom from Ignorance & Squalor
opportunities to make choices
Income poverty vs. Human poverty
SOURCES OF ECONOMIC GROWTH
1. NATURAL FACTORS
Q/Q OF FOP
2. HUMAN CAPITAL FACTORS
Q/Q OF POPULATION
3. PHYSICAL CAPITAL & TECHNOLOGY
4. INSTITUTIONAL FACTORS
Q/Q OF GOVERNMENT SYSTEMS
POLITICAL, LEGAL, BANKING, EDUCATION, INFRASTRUCTURE & INTERNATIONAL RELATIONS
1. HIGHER INCOMES
INCREASED INCOMES = HIGHER INCOMES PER CAPITA ?=? INCREASED STANDARD OF LIVING (DISTRIBUTION OF INCOME?)
2. IMPROVED ECONOMIC INDICATORS OF WELFARE
HIGHER GDP = IMPROVED INDICATORS OF WELFARE (HDI RANKING -- LIFE EXPECTANCY, LITERACY RATES, ETC.)
3. HIGHER GOVERNMENT REVENUES
HIGHER GDP = HIGHER GOVERNMENT TAX REVENUE = INCREASED SPENDING ON MERIT GOODS/SERVICES
4. CREATION OF INEQUALITY
MKT-BASED INITIATIVE GROWTH = INCREASED GDP = INCREASED INEQUALITY (TRICKLE DOWN EFFECT MOSTLY INEFFECTIVE)
5. NEGATIVE EXTERNALITIES & LACK OF SUSTAINABILITY
NEGATIVE EXTERNALITIES OF PRODUCTION & CONSUMPTION
GLOBAL WARMING EFFECTS DECREASE ECONOMIC DEVELOPMENT( POTABLE WATER, DROUGHTS, FOOD PRODUCTION, COASTAL FLOODING, TROPICAL DISEASES)
DOES ECONOMIC GROWTH LEAD TO ECONOMIC DEVELOPMENT