Class Notes (885,338)
CA (530,016)
UTSG (45,510)
POL101Y1 (1,171)
Lecture

Outliers or Models: Dependent Development

13 Pages
77 Views

Department
Political Science
Course Code
POL101Y1
Professor
Jeffrey Kopstein

This preview shows pages 1-3. Sign up to view the full 13 pages of the document.

Loved by over 2.2 million students

Over 90% improved by at least one letter grade.

Leah — University of Toronto

OneClass has been such a huge help in my studies at UofT especially since I am a transfer student. OneClass is the study buddy I never had before and definitely gives me the extra push to get from a B to an A!

Leah — University of Toronto
Saarim — University of Michigan

Balancing social life With academics can be difficult, that is why I'm so glad that OneClass is out there where I can find the top notes for all of my classes. Now I can be the all-star student I want to be.

Saarim — University of Michigan
Jenna — University of Wisconsin

As a college student living on a college budget, I love how easy it is to earn gift cards just by submitting my notes.

Jenna — University of Wisconsin
Anne — University of California

OneClass has allowed me to catch up with my most difficult course! #lifesaver

Anne — University of California
Description
POL101 Outliers or Models? February 7 2011 Dependent Development What is Development? Human development Looking at the micro level, individual human beings and their experiences of reality Interested in health, education, literacy, infant mortality, etc. Indicators that are important to the individual lived experience Equitable development Interested in terms of the redistributive consequences of development Not just looking at national economic growth rates but how this wealth and prosperity is distributed through the political economic system through the highest income households to the lowest income households Capacity Having the skills and education and experience and technology in order to continually develop over time So, not just about growing your economy but having the economic capacity to sustain that growth Sustainable development Often thought of in economic degradation About sustaining over the long term economic development Ensuring that as we are developing as economic societies we arent at the same time destroying the very foundations of that growth Political development How the system develops and reformats So development can be defined along all of these dimensions, but generally a sense of progress and improvement over time www.notesolution.comPOL101 Outliers or Models? February 7 2011 Dependent Development For the purpose of todays lecture, were going to focus on aggregate economic growth How economies grow Why economies grow How economies in the aggregate improve over time How to explain growth? How do we explain aggregate economic growth? Many different theories, but what is the role of theory? Theories help explain the world, they also prescribe, and they endeavour to predict Theories then, as explainers, prescriptions, and predictors thus represent different vantage points of how we understand the world A Theoretical Conversation The Cosmopolitical View How do you understand the world? Smiths cosmopolitical view is that the invisible hand should guide the market According to the cosmopolitical view of the world, the key to the global economy is specialization Its also in this view that human effort is important Capitalism isnt good for lazy people Capitalism rewards those who work hard, those who are rational This, then, will lead to global productivity and through global productivity there will be global prosperity and thus global peace So, its a positive sum view, meaning that everyone will benefit as long as you arent lazy or behave irrationally The Mercantilist View List and Hamilton would disagree www.notesolution.com
More Less
Unlock Document
Subscribers Only

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Unlock Document
Subscribers Only
You're Reading a Preview

Unlock to view full version

Unlock Document
Subscribers Only

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit