INTD 200 Final: INTD 200 FINAL STUDY GUIDE.docx

• School: McGill University
• Department: International Development
• Course: INTD 200
• Professor: Karen Mc Allister

Document Summary

Economic growth: implies using a country"s scarce resources labor, capital, natural resources, administrative and managerial capacity more efficiently: measured by: Gdp: # of goods/services produced per head of the population (# of goods & services/ population) or. Gnp (if net income from abroad is added to gdp: does not take into consideration: How the output is distributed among the population (doesn"t measure inequality) Doesn"t say anything about what output (or goods) are being produced. Development must include not just economic growth, but also social objectives. Denis goulet (1971) 3 core values of development: life sustenance. Population must have basic needs: shelter, water, food, clothes: self-esteem. Country must have self-respect and must be able to act independently of other nations. Therefore imf and world bank"s domination of monetary policy may be detrimental to development: freedom. Ability of people to determine their own destiny. All must benefit from growth, not just richest few.