GEOG 216 Lecture Notes - Lecture 12: Endogenous Growth Theory, Marshall Plan, Gini Coefficient
23 Nov 2017
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Document Summary
Geography of the world economy september 30th. The hope was that if a country becomes wealthier, then this wealth will rise everything else in the country and the country will develop. In the 18th cent your wealth was based on amount of gold you have. 20th cent was the world wars, the marshall plan in europe to get it back on its feet. Growth basic needs poverty reduction freedoms and capabilities wasn"t a bad thing because those people could do cheap labour. 19th cent changed the notion of poor people changed people"s views to show that. Early (cid:883)(cid:891)(cid:891)(cid:882)"s (cid:883)(cid:891)(cid:888)(cid:882)"s/(cid:889)(cid:882)"s (cid:883)(cid:891)(cid:890)(cid:882)"s more recent times them what is development they will say that it is about health, making people"s. In places with less wealth ask lives live longer etc. In places with more wealth people think that development is about self-actualization. Share of agriculture falls and industry and services rise with gdp/capita.
