Please enable JavaScript.
Coggle requires JavaScript to display documents.
DEV ECON 🌎 (Chap 1 (Characteristic of dev countries (Low life quality:…
DEV ECON 🌎
Chap 1
Global income distribution
2 halves of the world
2 halves:
Northern America, Northern Europe, Western nuclear families vs. Latin America, SEA, Africa extended family
aspects
: income, cultural setting, education, freedom of choice
2 economies
: commodity econ vs. self-sufficient econ
aspects
: size, k...., technology, output, channels of distribution (formal/informal), quality control, commercialization, production cost & productivity, law enforcement & law conformity
Income distribtribution
PPP
Exchange rate
Country classifications
World Back
GNI
UN
HDI
Brief history of dev countries
Characteristic of dev countries
Low life quality: income, health, education, inequality
Low productivity
High population -> high dependency rate
Agriculture dependency: limited output, risks in agriculture production, high risk of substitution, low negotiating power, no value added to export
Diversity of different dev countries
Contemporary dev countries in the world today
How has the world been changing
Compare dev countries today and deved countries before
