GS211 Lecture Notes - Lecture 9: Human Capital, The Good Life, Reductionism
Document Summary
200 years ago, most people were poor. Current ideas about poverty and the gap between rich and poor have been shaped in the context of a unique era during which the population income per capita really rose to levels never imagined before. But this rising of per capita income when seen as a world average really masks huge disparities. (cid:1) (cid:1) (cid:1) (cid:1) (cid:1: the international aid regime. Post wwii: oda donors believe that poverty would decline with economic growth: oda = official development aid multilateral and bilateral agencies. Economic growth would result in a trickle down effect of benefits and the relative share of income of the poor would rise and people would be lifted out of poverty. Argument that technology and human capital were also needed to change methods of production. Belief that all societies can modernize and that economic measures can accelerate the process. 1976 ilo (international labour organization) conference where.
