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Lecture

ECON 2125 - Lecture September 19, 2013.docx

2 Pages
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Department
Economics
Course Code
Economics 2125A/B
Professor
Leigh Mac Donald

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Description
Presentations: 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. Chapter 2 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. Income Classifications Lower Income (Li): GDPpp 
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