POL 2 Lecture Notes - Lecture 15: Mikhail Gorbachev, Foreign Direct Investment, Planned Economy
27 Jan 2017
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Document Summary
Eu model of development - based on belief that democracy and economic growth are related. Poland"s successful democratic transition was supported by. Billions of euro foreign direct investment (fdi), which closely followed eu commitment (checks & balances) Most of these countries were not democracies in the beginning. Fact: with very few exceptions, the world"s richest populations live in democracies. South africa and botswana (2 of the most prosperous countries in africa) China has been promoting economic growth recently. Total market value of all final goods and services produced within a country in a calendar year. *per capita gdp: gdp divided by the country"s population (including children and unemployed) Change in gdp from one year to the next. Takes into account the relative value, or domestic purchasing power, of different currencies. 43 high income countries (average gdp per capita ,000), 37 are democracies; 6 non-democracies are oil producers (russia, qatar, oman, kuwait, etc. )
