GEOG 210 Lecture Notes - Lecture 13: Poverty Trap, Sub-Saharan Africa, Progressive Tax
7 Mar 2020
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Document Summary
Investments will help you increase income in the future but when you are in a poverty trap the money you make doesn"t lead to savings to you don"t make more money from old money. Growth and development: development low income, little money on health care and education so less skills, less health, less productivity, low income low savings low investment that continues. Financial aid given by governments, ngos, other agencies to support economic, environmental, social and political development: can be humanitarian aid, bilateral developmental aid, Do we need to provide foreign aid: yes, if there is no moral wrong to come of it, you should help, how responsible some countries are about the social/ economic situation of other countries. Aid flow: 120 bil usd connections are mostly tied to sub-saharan africa, allot of money, small compared to world gdp, 1.
