IDSB01H3 Lecture : IDSB01 - Lecture 3
31 Mar 2011
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Idsb01 week 3: how economic growth happens. 25 35% = short answer, multiple choice, definitions. 60 65% = longer answers, essays-type; diagrams. Readings: include a bunch of chapters from text and articles: would help a lot on short answers, help expand on long-answers. How many people died in blank war? , numbers that help in knowing a theory though) No way to get everybody out of poverty unless average productive capacity of population is reasonably high: growth. Why are people better off in a rich country (france, usa) as opposed to a low income country (haiti)? (direct and indirect answers) Effective use of labour: allocation of labour for most productive uses, delegation of tasks. Direct determinants causal factors: natural resource endowment, investment, climate. Indirect determinants determine direct causes, background determinants: political accountability (democracy?, colonialism. powers got rich in part due to exploitation of colonies which lowered the income of the colony.
