POLI 2F30 Lecture Notes - Lecture 14: Why Nations Fail, Natural Capitalism, Landlocked Country
27 Dec 2015
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Development and political economy: standards of living, measuring development. Income can rise and lead to negative externalities a: quality of life can increase without gdp increase (cuba) c, gender, racial and ethnic identity, satisfaction and happiness, cultural development. America (chile: poorest: bolivia, guatemala, paraguay, these rankings would be the same 50 years ago. 100, 150 yrs ago: most inequality has emerged since industrial revolution, why such variations in prosperity, prevalence to diseases, proximity to equator line -- geo, colonialism, kind of government each country has, culture, poor countries are landlocked. Soil quality: brazil: cheap meds, getting rich: degree to industrialize, not really about soil quality, otherwise the tropical countries would be better, nogales, arizona vs. sonora (two side by side cities with different quality of lives) other ex. 6: max weber: protestantism encouraged development of capitalism, historically, people have argued some cultures resistant to development.
