ECON 0640 Lecture Notes - Lecture 3: Opportunity Cost
Document Summary
Population of mena imported labor in arabian peninsula very high growth growth increased due to newfound oil most development occurs in urban areas large migration to urban areas. Mena has worst population crisis in the world doubling rate = 23 years avg rate for developed countries = 100 years life expectance increased 1960s-1980s. Gdp per capita = gdp/population fertility rate: amount of kids per woman. Determinants of fertility health abortion available but restricted. Family family cornerstone of mena culture intimate relationships outside frowned upon marriage symbolizes transition to adulthood cost of marriage too high groom side handles of costs associated consequences of breaking norms too high. Uae gives monetary incentives to increase fertility cost of marriage deters young people from getting married avg age increasing before people get married cost of early marriage high for women become care-takers can"t make decisions in household.
