POLSCI 3EE3 Lecture Notes - Lecture 3: Paul Samuelson, Final Good, Sustainable Development
14 Dec 2016
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Document Summary
Global south (oppositional to the global north) these underdeveloped societies are not de ned for what they are, but for what they are not. 6 decades of development: millenium goals: adopted by un in 2000- stated that if certain policies were followed poverty will be eliminated by 2015. Poverty can be a factor for people to radicalize/ revolt (especially against western traditions). Poverty is fought as a means to an end: stop communist/ marxist ideas. Once the soviet union collapsed, the goal was accomplished and no one cared about poverty anymore. Theories of economic development: theories of comparative advantages: theories of free trade: by david ricardo (1809, theories of international division of labour: by paul samuelson. Distinguishes between producers of manufactured good on the one hand, from producers of raw materials, primary commodities, agricultural produces, and mineral on the other hand.
