POLI 227 Lecture Notes - Heavily Indebted Poor Countries, Gini Coefficient, Least Developed Countries

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The world is characterized by significant economic inequality. Canada economy equal to all sub-sahara developing nations. Tobacco/advertising spent in us enough to cover preventable child deaths. Richest country in the world in terms of per capita income: qatar. Third world: everyone else became developing countries implies a rank ordering. Fourth, fifth: the poorest of the poor. North: industrialized world (not just northern hemisphere) Developing world: a large category equal to third-world (problematic) Nics: newly industrializing countries highlight the great success of countries undergoing development. Ldcs: least developed countries highlight the least economic development. Hipcs: highly indebted poor countries severely economically undeveloped with a high burden of debt. Raw gni, gnp or gdp/capita: variations in purchasing power (does not reflect differences, purchasing power parity (ppp, income inequality, proportion under or a day. Hdi: gdi gender development index, inequality-adjusted hdi, developed by un indicates the standard of living (health conditions, educational conditions) How the mass of the population is living.

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