APEC100 Lecture Notes - Lecture 11: Market Failure, Moral Hazard, Mahatma Gandhi

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Worldmapper. org: shows the life expectancy being lower in places like africa and india, while the united states has a higher life expectancy. Map by population; india and china are very large. Map by income less than per day; nigeria, india, china very large. Map by income greater than per day; united states, western europe very large while india, china, africa are tiny. Map of internet use; united states, europe are very large. Map 7 years later shows china, other countries growing. Map of infant mortality: americas are very small, while india, nigeria, china are very large. Map of people older than 100; united states large, africa very small. Map sized by royalties and license fees exports; united states and uk massive, everything else nearly nonexistent. Exploitation of natural resources necessary for development. Natural resources can provide advantages in economy development.

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