SOSC 2800 Lecture Notes - Lecture 4: Per Capita Income, Sub-Saharan Africa, Modernization Theory
4 Oct 2016
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Document Summary
Countries in global south all experience political, economic, or social underdevelopment. Newly industrialized countries - no longer economicaly underdeveloped, but politically. Singapore = very rich, but authoritarian government. South korea = social underdevelopment, women"s rights. Costa rica, botswana = not economically developed, but socially/politically. Different rates of development within 3 categories. Most salient characteristic of underdevelopment is poverty - measured through low gdp, unequal income distribution, state of infrastructure, use of modern technology, energy consumption, etc. Inequality, poor infrastructure, unemployment, substandard housing, poor healthcare. Considerable variation in regards to income, growth, etc. 2. 1 billion people living on less than 3. 1$ a day (2012) Per capita income - incomplete picture - fails to account equality of income distribution - could have high gdp with majority of population still in poverty. Gini index - measures inequality - 0 being perfect equality to 1 being extreme inequality. North africa - lower rate, compatible to growth of western world.
