ECON 6280 Lecture Notes - Lecture 2: High Tech, Comparative Advantage, Resource Rent
Document Summary
Other dimensions of development that isn"t accounted for: liberty (the ability of individual to have agency, control over their own actions) Contemporary rights debates: future generations (environment), sexual orientation, water, abortion -> Polity iv (ranks by regimes: autocracy, democracy, anocracy = (cid:862)fake democracy(cid:863), rigged elections) > this question is even more complicated and few countries would disagree about what liberty means. Issues: pc income grew 16 times over the past 500 years; wide disparities in income (ratio between richest and poorest has grown to 127 in 2008 -> why do developed countries keep developing while some developing countries stay poor?) Subsistence level the most basic level where you can survive. Great divergence = points when some countries developed much faster than others -> creation of gap (e. g. renaissance, early modern europe, age of enlightenment, industrial revolution) Early civilization was marked by complex social hierarchies and organized government, agricultural innovations, artisanal production, and trade.
