INTL 3300 Lecture Notes - Lecture 4: Gross Domestic Product, Gini Coefficient, Purchasing Power Parity
6 Feb 2017
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Intl 3300 - lecture 4: development and political economy. Measures of inequality and poverty: inequality: differences in access to resources (including income, power, or status) Other measures of development: unemployment/employment, underemployment, inflation, hyperinflation, deflation: underemployment: access to labor that is insufficient for meeting needs or preferences. Education: literacy rate and years of schooling. Human development index (hdi): includes gdp/capita, education, and life expectancy. Satisfaction and happiness: considers gdp/capita, healthy years of life expectancy, social support, trust, perceived freedom to make life decisions, generosity. Eastern europe: chicago school of thought believes government intervention has negative consequences for economic growth. Asian tigers (japan, south korea, and taiwan post-wwii) Culture: cultural norms affect a society"s development: civil society (rich associational networks) promote rich social capital - alexis de toqueville"s. Democracy in america: religious background: norms, ethics, and value systems. Max weber"s the protestant ethic and the spirit of capitalism: value systems: behavior oriented toward future planning vs. day-to-day, spend vs. save.
