POLSCI 1AA3 Lecture Notes - Lecture 3: Human Development Index, United Nations Development Programme, General Agreement On Tariffs And Trade
5 Dec 2018
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Document Summary
There is a significant gap in per capita income between the world"s richest and poorest states. Close to 800 million people live on less than . 90/day (2013) Official development assistance from oecd states: 0. 51% of gni in. 1960; 0. 32% of gni in 2016: pearson commission 1969 recommends 0. 7% Poor states are not a homogeneous bloc. Less developed countries have been more/less successful at developing economically. Some have stagnated or even declined economically. Newly industrialized economies (south korea, taiwan, china) To understand the issue, we must look at history, theory and, policy. However, while formal colonialism might have ended, the new independent countries were not facing the developed countries as economic equals. 3 elements of inequality: international economic structure: The international economic system was characterized by a division of labour between states. Less developed countries largely produced agricultural goods and raw materials. Unfortunately (raul prebisch), raw material production is subject to declining terms of trade with industrial goods: multinational corporations.
