INTD 200 Lecture Notes - Social Capital, Gross National Happiness, Gross National Income
16 Dec 2012
School
Department
Course
Professor
Document Summary
There is a universal scale of developed truman speech. Newly industrialized countries (ncis: certain countries that economically developed very quickly, hong kong, korea, malaysia, emerging markets. Gdp-gross domestic product: doesn"t look at non-market subsistence goods, based on statistics which may not be correct, relatively easy to look at. Gnp-gross national product: included money coming from outside the country, ex. Gdp/capita: the amount of income per person in the country, average income of a country, problem: wealth disparity. Gni (gross national income) per capita: term used by the world bank, essentially gdp. Ppp-purchasing power parity: adjusting gdp/capita, assesses what can be bought with 1 us dollar in different countries, adjusts for cost of living. Kuznet"s curve: reverse u-shaped curve, inequality will increase at the beginning of industrialization, but will decrease over time, trickle down effect everyone is lifted out of poverty eventually. Measuring inequality: dividing population into economic strata, quintiles (5), deciles(10, how income is distributed in society, gini coefficient.
