8/22/14  

Introduction
Econ 112
Economic Development
Dr. Haight – Fall 2014

Administration
—  Format of the class
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Enrollment
Lecture and Discussion
Canvas
Syllabus - dates and deadlines, project

—  Communication
—  E-mail is best way to find me

—  Books and readings
—  Grading policy
—  No make-ups, quizzes
—  Attendance and excuses

—  Courtesy (arvls, depts, food, phones, etc.)

Roll Call

Who are you and what do you
want?

1  

Trade and Sustainability Pearls Before Swine 2   . David Skarbek —  5:15-6:45pm – Student Union Theatre – Sep 8 —  “Why do Prison Gangs Exist?” Class Organization Development and Growth Basics of the theory Distribution and Human Resources Macro Policies External Issues People Issues Government issues Agriculture.8/22/14   Housekeeping —  Readings —  Text Chp 1 and 2 —  Mountain Man vs. Congo Doctor —  Tasks —  Login to Canvas —  Take note of assignments and due dates —  Provocative Lecture —  Dr.

4 —  North Korea – 69.4 billion of these live on less than $2 per day —  1.2 billion of these live on less than $1.101 Life Expectancy at Birth —  Chad – 49.18 —  Guatemala – 71.81 —  Afghanistan – 50.51 —  Cambodia – 63.78 —  Papua New Guinea – 66.85 3   .58 —  Iran 70.49 —  Honduras – 70.91 —  Somalia – 51.89 —  Haiti – 63.25 per day What does this mean in terms of quality of life? Life in the US —  Expect to live to be 79.74 —  Laos – 63.5 years old —  99% of both men and women over 15 yrs of age can read and write —  Average household has 3 tv’s (803 tv’s for every 1000 people) —  GDP per Capita: $53.8/22/14   Why do we care? —  7 billion people on the planet (approx) —  2.

8/22/14   Literacy (male/female) —  Chad – 45/25 —  North Korea – no info —  Afghanistan – 43/12 —  Honduras – 85/84 —  Somalia – 49/25 —  Iran 89/80 —  Haiti – 53/44 —  Guatemala – 81/71 —  Laos – 82/63 —  Cambodia – 83/65 —  Papua New Guinea – 65/59 Televisions per 1000 people —  Chad – 1 —  North Korea – 56 —  Afghanistan – no info —  Honduras – 96 —  Somalia – 20 —  Iran 75 —  Haiti – 5 —  Guatemala – 61 —  Laos – 10 —  Cambodia – 7 —  Papua New Guinea – 8 % of Population with Electricity —  Chad – no info info —  Afghanistan – 30% —  North Korea – no info —  Somalia – no info —  Honduras – 83% —  Haiti – 27% —  Iran 98% —  Laos – 78% —  Guatemala – 81% —  Cambodia – 34% —  Papua New Guinea – no 4   .

068 —  Guatemala – $5. Second and First) —  LDC’s (Developed vs.275 per capita GDP More definitions/concepts —  What is the difference between economic development and economic growth? Is there a difference? —  PPP – Purchasing Power Parity —  —  —  —  Accounting for the difference in prices bewteen natins Evens things out Makes it possible to compare Compare a basket of goods n one country with the same basket in another 5   .8/22/14   GDP per Capita (Adjusted for PPP) —  Chad – $2.800 —  Somalia – $600 —  Honduras – $4.839 —  Haiti – $1.282 —  Cambodia – $2. Developing) —  World Bank Categories —  —  —  —  Low Income = <$1.100 —  North Korea – $1.834 —  Afghanistan – $1.539 $2.005 per capita GDP Lower-middle Income = <$3.275 per capita GDP High Income = >$12.315 —  Iran $12.576 —  Papua New Guinea – Before we can go on….264 —  Laos – $3.975 per capita GDP Upper-middle Income = <$12. a few definitions —  Third world (vs.

8/22/14   PPP GDP per capita by country – 2013 Not all poor countries are alike —  Stories in text of Malaysia. Ethiopia and Ukraine —  Political systems have changed since WWII —  Demographic shifts —  Spread of disease —  Global Trade —  Global Capital Movement Housekeeping —  Readings —  Text Chp 1 and 2 —  Mountain Man vs. Congo Doctor —  Tasks —  Login to Canvas —  Take note of assignments and due dates —  Provocative Lecture —  Dr. David Skarbek —  5:15-6:45pm – Student Union Theatre – Sep 8 —  “Why do Prison Gangs Exist?” 6   .