Political Science 2231E Lecture Notes - African Development Bank, Washington Consensus, Neocolonialism
10 Apr 2013
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Gdp: the sum of gross value added by all resident producers in the economy plus any product. Gni: the sum of value added by all resident producers plus any product taxes plus net receipts of primary income from abroad. Fdi: the net inflows of investment to acquire a lasting management interest in an enterprise operating in an economy other than that of the investor. Poverty headcount: % of population living on under . 25 per day. Government spending (consumption): all government current expenditures for purchases of goods and services (including public employees) and most expenditures on national defense. Literacy rate: the % of people 15+ who can read and write a short, simple statement on their everyday life. Child mortality rate: the number of infants dying before reaching one, per 1,000 live births. Stage theory of development - all countries would progress along the same trajectory. Underdeveloped countries were at an earlier stage of development.
