POLS 2080 Study Guide - Final Guide: Official Development Assistance, Multilateral Investment Guarantee Agency, Development Assistance Committee
10 Jan 2014
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Document Summary
Development is process of qualitative social, political or economic change, people at the bank would say it is a condition we can measure. Measuring development- the gdp is a weakness, the world bank says people with an income of less than . 25 a day are in absolute poverty but poverty is a multidimensional issue. Development index is a contrast to the wb, its reports deal with the actual state of development and combines literacy rates and education, life expectancy etc. Also issues of morality and ethics in development. Rational choice theory- deductive approach argues in making choices, individual political actors behave rationally in terms of the objectives they pursue, quest for individual utility maximization. Take-off- industrialization, growing investments, political change, rapid growth saw capitalism as an unjust and exploitative form of society that had taken. Neo-lib reforms brought economic instability, lower per capita income growth, no poverty reduction.
