ECON 315 Lecture Notes - Lecture 1: Jeffrey Sachs, International Inequality, Montesquieu
23 Jun 2017
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Why do burundi and haiti have the same income per capita today as in 1960 where. Why are people in france and the netherlands today so much richer than people in haiti and kenya. We will explore questions related to economic growth in this class. About 900m people live on less than . 9 per day. 800m people do not have enough to eat on a daily basis. Hundreds of millions of people in the developing countries are infected by malaria. The global median annual income is ,225. Basic idea: geography determines the preferences and abilities of individuals in a society. Montesquieu (1748): people are more vigorous in cold climates and lazier in warmer ones. Guns, germs, and steel: geographical differences in americas and europe determined the timing of agriculture, which in turn shaped societies" development of complex organizations and advanced technologies. A renowned economics, jeffrey sachs, has endorsed a modern interpretation of the.
