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Introducing Economic Development: A Global Perspective (how the other half…
Introducing Economic Development: A Global Perspective
how the other half life
Asituation of being unable to meet the minimum levels of income, food, clothing, healthcare, shelter, and other essentials
economy subsistence
production is mainly for personal consumption and the standard of living yields little more than basic necessitie
development is
The process of improving the quality of all human lives and capabilities by raising people’s levels of living, self-esteem, and freedom.
development economic
The study of how economies are transformed from stagnation to growth and from low-income to high-income status and overcome problems of absolute poverty.
Economies as Social System
means the interdependent relationships between economic and noneconomic factors
what is development
Traditional Economic Measures
sustained rates of growth of income per capita
New Economic View
conceived of as a multidimensional process involving major changes in social structures
Core Values of Development
Sustenance: The Ability to Meet Basic Needs
Self-Esteem: To Be a Person
Freedom from Servitude: To Be Able to Choose
The Three Objectives of Development
increase the availability and widen the distribution of basic life-sustaining goods
raise levels of living
expand the range of economic and social choices
SARAH SYAFIQAH BINTI ABDUL RAZAK
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