[POLS 2080] - Final Exam Guide - Comprehensive Notes for the exam (27 pages long!)

• School: University of Guelph
• Department: Political Science
• Course: POLS 2080
• Professor: Steffi Hamann

Document Summary

The first to coin the term was harry truman. Most popular measures for economists: gross domestic product, the monetary value of final goods and services produced in a country in a given period. Gdp= consumption, investment, government spending, exports- imports. Measures average wealth of the country only. Gini index: measures extent to which distribution of income/consumption expenditure among individuals/households within an economy deviates from a perfectly equal distribution. (cid:862)a(cid:271)solute po(cid:448)erty(cid:863): less tha(cid:374) u . (cid:1006)(cid:1009) per day. Global development project took off after wwii. (cid:1005)9(cid:1009)(cid:1004)(cid:859)s u opti(cid:373)is(cid:373) a(cid:374)d pro(cid:373)ise of progress. Job generation and end of great depression. But: progress did not extend to poor nations in the developing world. Moder(cid:374)izatio(cid:374) theorists (cid:271)elie(cid:448)e that (cid:858)(cid:373)oder(cid:374)(cid:859) (cid:448)alues, te(cid:272)h(cid:374)ologies and institutions are required for societies to develop and advance. Modernization theory is a description and explanation of the processes of transformation from traditional or underdeveloped societies to modern or developed societies. Modernization theory is concerned with economic growth.