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Lecture 13

PSC 203 Lecture 13: EconomicDevelopment

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University of Alabama
Political Science
PSC 203

● Economic Development: ○ “The process whereby simple, low-income national economies are transformed into modern industrial economies ○ Although the term is sometimes used as a synonym for economic growth, generally it is employed to describe a change in a country’s economy involving qualitative as well as quantitative improvements” ● Human Development: ○ Creation and improving of living conditions ○ People can develop their full potential ○ Long and healthy life ○ Access to an appropriate education system ○ Be productive ○ Live according to their needs and interests ○ Summary: expanding choices so people can lead qualitative lives ○ Not concentrated in amount of money a person gets (money can be used for anything) ○ Regardless of ethnicity, gender, religion, etc. ○ Must be sustainable ● Some operationalism…. ○ How can we operationalize (economic) development? ■ Gross Domestic Product/ capita (GDP/capita) ● Money gained from all finished goods and services within a state’s borders within temporal limits divided by the amount of people in said country ■ Gross National Product/capita (GNP/capita) ■ Human Development Index (HDI) ■ Genuine Progressive Index ● How can we operationalize (economic) development? ○ Gross Domestic Product/capita ○ Gross National Product/capita ○ Gross National Income/capita ■ GDP + incomes earned by citizens in another state- income earned domestically by non-citizens ○ Human Development Index ■ “Is a summary measure of
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