POL208Y1 Lecture Notes - Lecture 7: Sahara, Precious Metal, Extreme Poverty
Document Summary
Some parts of some countries are far richer than others. Life expectancy has been rising, incomes not increasing at the same level. Parts of asia and sub saharan desert may be the poorest in the world in terms of per capita income. Why concentration of extreme poverty in these places. Trends should be affecting states more evenly, why are the poorer places not more wealthy. Colonialism big factor in determining the development of a country post colonialism, how the country"s post independence develop themselves. Colonialism: blocks state development in present day. City and rural split: cities benefit more than rural areas. Extreme poverty mostly in rural areas, do not benefit from investments in raising standards of living. Government: if you buy a piece of land, or buy some machines, you should be able to keep it. No incentive to invest unless your investments are safe, it will still be there. How the regime type of government affect outcomes.
