INTLSTD 101 Lecture Notes - Lecture 13: Marshall Plan, Debt Relief, International Development Association
20 Nov 2016
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Document Summary
World bank: 17. 6% of population in developing world lives on less than . 25 per day. World food program: 1 in 9 people are malnourished. Paul collier: the bottom billion are trapped in poverty despite international aid and support. Conflict: can take away from production, can be self-perpetuating. Natural resources: can lead to conflict over resources. Can lead states to rely on one item for most of their economy. Landlocked with bad neighbors: lack good trading partners. Poor governance in a small country: less likely to attract investment and trading partners. Absolute poverty: to lack the basic essentials for life. Extreme poverty: less than . 25 per day. Moderate poverty: less than . 00 per day. Relative poverty: to be more impoverished relative to others in your society. Poverty most income goes to consumption low rate of savings low investment low productivity poverty . Truman doctrine: allocated aid to greece and turkey to prevent communism from spreading.
