GGRA02H3 Lecture Notes - Lecture 6: International Development, Periphery Countries, Gender Inequality
Document Summary
We have concentrations of wealth in cities, countries, entrepreneurs, banks. Some economists argue that the world income will trickle down and everybody will be better off. We measure wealth in countries by combining gdp and other resources. Wealth creates capital, then it goes back into the economy. Gdp is the most standard way for measuring the differences between the distribution of wealth. The problem is you cant always focus on incomes and the cost of goods and services. Gdp is an indicator for the potential of development. Life expentancy at birth: the poorer the country the lower the life expectancy will be. Development has to be sustainable, a development that can continue through to the next generations. Bangladesh has to rely on simple technology to break up ships and recycle the resources from that ship. Huge endowments in canada in resources, water resources, mineral resources.
