POLI 474 Lecture Notes - Lecture 3: Economic History, Walt Whitman Rostow, System On A Chip
3 Feb 2017
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Document Summary
Economic growth + poverty: economic growth (up) = poverty (down, trickle-down economics. Laissez-faire economics: possible for 2 countries = have same rate of economic growth. Rate of lowering poverty differs: if not @ same rates. What is the extent to which growth benefits the poor: level of inequality matters, inequality in soc. (up) > growth (down) If society = more equal > citizens have more resources to use: better, rate of poverty (down) depending on earlier stage of inequality, what is the type of growth taking place, *growth matters. Modernization: 1: development, 2: economic development > democratization. Transit"n. fr. traditional > modern: change in soc. structure. Economy > achieve growth: means of improvement, quality of life, systematic change in society. Outlined 5 stages of progression in achieving development: 1: traditional society, 2: preconditions for take-off, 3: takeoff, 4: drive >maturity, 5: age of flight (mass consumption) All societies follow this path / trend to end goal : teleological argument.
