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Developing Areas.docx

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Department
Political Science
Course Code
POLI 227
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DevelopingAreasLecture1WhatIsTheDevelopingWorld02092012Wealthydevelopednationsin200809statisticsGDPcapita33000Lifeexpectancy80ChildMortality51000ththWealthynations17oftotalworldpopulation1billionbutreceivesabout45oftheworldseconomicresourcesIndustrializednationsgetthelargestamountofGNPandGDPwhichisnotproportionaltopopulationssizeCountriesinasiausedtohavehistoricallythehighestGDPsbutovertimethispercentdecreaseditisnowincreasingagainIranhasaboutthesameGDPaswalmartorSouthCarolinaHIVandAIDSinfectionanddeathrateshavestartedtodecreaseaswellasthenumberofpeoplelivingonunder150perdayGNPoftheUSequivalentorgreaterthantheeconomiesofallthedevelopingnationsGNPCanadaequivalenttoeconomiesofsubSaharanAfricaAlsopossiblethatthedevelopingworldcanevolvetothestatusoftheindustrializedworldthirdworldtermoriginatedduringcoldwarfirstworlddevelopedworldliketheUSsecondworldcommunistnationsthirdworldeveryoneelsecametomeandevelopingcountriesfelloutofusageabitfourthorfifthworldcanbeusedtodescribethepoorestofthepoornorthindustrializedworldsouthindustrializingworldrichestcountryintheworldinpercapitaincomekataardevelopingworldnotaspejorativeasthirdworldstilltoobroadNICsnewlyindustrializingcountriesexBrazilcountriesthataresuccessfullyevolvingLDCsleastdevelopedcountriesworstsocialconditionsHIPCshighlyindebtedpoorcountriesseverelyeconomicallyunderdevelopedandhadmassivedebtsaswellGNIGDPandGDPareusedtocalculatethesizeofacountrieseconomyGNIGDPorGDPcapitashowsmoneyperpersondoesntaccuratelyportraydifferencesinpurchasingpowerhowmuchyoupayforitemsindifferentlocationsPPPistheGDPfigureadjustedforhowmuchitemscostmorehelpfulshowsincomeworthifyouweretryingtoutilizethosedollarsintheUSGDPdoesnthighlightincomeinequalitiesforexacountrymayhaveahighGDPbutmostofthatmoneyisgoingtotheeliteandthestandardoflivingfortherestoftheworldisverylowHDIhumandevelopmentindexbetterindicatesstandardoflivingdevelopedbyUNlooksatincomehealthconditionseducationalconditionsetctogetasenseofhowthepopulationislivingGinicoefficientisameasureofinequalityrangingfrom0perfectequalityto1completeinequalityexBrazilhasaginicoeffecientof6whichisrelativelyhighandshowsthestandardoflivingthereislowerthantheGDPwouldleadyoutobelieveHDImeasureshealtheducationandincomeonascaleof0to10beingtheworstand1beingthebesthighestNorwayat94andlowestcongoat29muchmorerevealingofequalitywhenHDIisrankedhigherthanGNPitmeanstheyhavesupportforthepoorHDIlowerthanGNPmeansalotofinequalityalowerGDIthanHDIdemonstratesspecificinequalitieslikegenderinequalitiesinthemiddleeastChildimmunizationhashaddramaticpositiveeffectsonlifeexpectancy
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