ECON 201 Lecture Notes - Lecture 9: Gini Coefficient, Walt Whitman Rostow, Dependency Theory
Document Summary
Southern hemisphere wouldn"t be able to compete in the global market. 80 percent of the world lives on 20 percent of the worlds income. United states, 5 percent of world population uses 30 percent of world"s resources. A zero to one scale on which zero means each person in the world has the same income and one means that a single individual collects the world"s entire income. The southern had a bad lorenzo curve in comparison to the north. The south began to question why they were so poor and why the inequality gap was growing. Modernization theory --urbanization ---( w. w rostow, daniel lerner, david. Mcclleland) they said in countries that have high rates of growth, if you look at the stories that mothers tell their children they also have a hard working hero --- Daniel lerner on the other hand said that people in the north have empathy while people in the south don"t have empathy.
