POL101Y1 Lecture : POL101Y east asian miracle.docx

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One way to think of getting rich is the idea of development. Think of it as progress, through this idea we get that of improvement. Focus on individual matters such as infant mortality rates, human health, literacy. Equitable development: primarily concerned with distributive consequences of development. ,the distribution of income(salary), distribution of wealth(property holdings, stocks, various assets), distribution of life chances (the opportunity for social mobility), gender (largest form of structured inequality). Capacity: the capacity to upgrade, transformative potential in a society, education (accessibility), employable skills. Political development: democracy, human rights, the rule of law, modernization theory very important aspect of political development. Use theory for 3 reasons in political science. Explain how the world works, prescribe how the world should work, and to predict how the world will work. What should govern how we behave is the invisible hand of the market-smith.