GS101 Lecture Notes - Lecture 21: New Approach, Emerging Markets, Structural Adjustment
Document Summary
If the south becomes richer it will become a huge new market for goods from the north. If the south becomes wealthier fewer people will want to leave (less migraion to north, reducing pressure on north with refugee lows) If the south becomes stable/peaceful it will see fewer wars requiring less intervenions. If the south becomes more developed fewer gaps, less inequality, fewer tensions in global poliics. If the south becomes healthier less-cross border disease and infecion. Value of the products made within a country. Doesn"t cover social progress, doesn"t cover health, can be decepive. Gdp doesn"t relect the correct distribuion of income, a smaller group of people could contribute to a large part of a country"s gdp. Based on natural resources (in hands of few) Focused on tax breaks for the ultra-rich, the country"s goal is to assist the ultra-rich. Remitance money that is sent back to the original country (refugees, foreign workers, etc. )
