POLB80H3 Lecture Notes - Debt Relief, Sustainable Development, Outsourcing
27 Feb 2014
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Document Summary
98% of the population control 50% of the wealth, 2% of the wealthy population controls the other 50% of the wealth. Common concern: poverty: self-interest and common concern. Underdevelopment can lead to bad things that take place outside the state. Economic decline can lead to political instability, migration, terrorism, etc. Someway, lack of development can be seen as global concern because of the effects of poverty does not stay within particular state. Development addressing underdevelopment can lead to good thing. Solving the problem promises huge benefit for the world as a whole: morality and common concern. Benefitted from the production of cheap goods, extraction of natural resources, exploited (m), benefitted from the disparity of the gs (l: extent of the problem. Diagnosing the cause of underdevelopment: internal. What governments in gs do and what they failed to do. Rational decision of the poor in developing countries, why poverty alleviation is difficult.
