7.5% GDP growth rate is very impressive.
Many developing countries have high corruption rates, Rwanda is very unique with a lower level of
corruption than countries of similar stature.
Higher level of corruption usually means lower foreign aid.
Basic questions from presentations will be on the exam
1. Kenny Nam Rwanda
Growth rate since genocide has been good, South Korea is planning ITT tech in Rwanda, and corruption index
in Rwanda is very good for a developing country.
Comparative Economic Development
Common Characteristics of Developing Countries:
Lower levels of living and productivity.
Lower levels of human capital.
Higher levels of inequality and absolute poverty.
Higher population growth rates.
Greater social fractionalization.
Lower Income (Li): GDPpp