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Lecture 1

POLI 227 Lecture Notes - Lecture 1: Heavily Indebted Poor Countries, Lead, Theoretical Definition


Department
Political Science
Course Code
POLI 227
Professor
Rex Brynen
Lecture
1

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WHAT IS THE DEVELOPING WORLD ?
What is “the developing world “ – conceptual definition
different degrees of purchasing power – the industrialized world (north) = 1 billion of
the 7th billion on the planet – receives 4/5 of the world’s economic resources =
economic inequalities
Differences of distribution in Gross national product
Where the world Gross Domestic product is – continued dominance of industrialized
power.
- aberration of the last 200 years where the economy was in Asia – shift to
the west 100 years ago – start to shift again to south east Asia.
The proportion of people living under 1 dollar per day as shrunk importantly over the
last 10 years – proportion of children in school have increased – mortality rate has
dropped = economic picture is changing.
GNP of the USA is equivalent to the economy of all 100 economies of developing
countries all together
TERMINOLOGY
First world: western, second world: communist, third world: the rest colonized – over
time developing countries (term born in the cold war)
NICS: newly industrializing countries – highlight the great success of countries like
the tigers
LDC: least developed countries – highlight of the countries that have the lowest level
of development
HIPCS – highly indebted poor countries
= highlighting the variations of the categories within the south
GNP/GDP = calculating the size of a country’s economy
Pb is that the measurement can obscurs as much as it reveals – doesn’t reflect
differences in purchasing powers
Pb: it doesn’t highlight the extent it may or may not be serious economic inequality
(society – most GDP going to a small elite, rest of the people’s GDP less important)
PB of measuring human development
Human development index – better indicator of standard of living
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