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Dynamic Development (Development (Economic Measures of Development (GNI…
Dynamic Development
Development
'Development is a comprehensive economic, social, cultural and political process, which aims at the constant improvement of the well-being of the entire population and of all individuals on the basis of their active, free and meaningful participation.'
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HDI—4 Indicators, 3 Dimensions
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Country Classification
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AC—Advanced Country
A country that has a highly developed economy and advanced technological infrastructure; many more workers are in the Tertiary Sector of employment
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Global distribution of ACs, EDCs, and LIDCs
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Most LIDCs are found in Central and East Africa. Exceptions include Mongolia, Afghanistan and Burma
Uneven Development
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Jeffrey Sachs
Mountains, Coasts, Rivers are key for economic growth
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Rostow's model
Stage 2: extractive industries develop, infrastructure develops, influence of TNCs
Stage 3: Manufacturing industries develop, advanced infrastructure, focus on one industry, decline in agriculture
Ethiopia is best seated in stage 2, as 75% of population are in primary jobs, there is influence from TNCs, but not lots, and basic infrastructure is being developed. It cannot be three because agriculture is still very important, and 2nd sector jobs are not that prominent.