IB 3101 Lecture Notes - Lecture 3: Pest Analysis, Gender Development Index, Gross National Income
19 Mar 2017
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Document Summary
Week 3- chapter 2 continued- political economy and economic development. Gni: gross national income per person, measures total annual income received by residents or citizens of a nation. Gdp growth rate: good to look at future of economy, high gdp shows very profitable to invest in because growing economy. Institutions: cause and effects: property rights, rule of law, free press, honest gov"t, courts, police, open markets, trust. Countries have different institutions: history, geography, culture, education levels. Index = 0 to 1: 0 - . 5 = poor human development. United states hdi rank: #8 at . 915, 79. 1 years life expectancy. Highest hdi rank: norway . 944, 81. 6 years life expectancy. Lowest hdi rank: #155 zimbabwe, 57. 5 years life expectancy (aids) Gender development index: gender development = human development, countries that restrict women"s rights in the workplace or education are limited in development because they are holding back of their society.
