DVM1100- Final Exam Guide - Comprehensive Notes for the exam ( 37 pages long!)
Document Summary
Canada and challenges of international development and globalization: Economic growth: ability of a society to produce adequate goods and services, accumulate capital and distribute of them in the society. Procedural definition: possible growth, progressive growth constant growth: a process through which the economy of a country transforms from the weak or negative ratio to positive stages of growth. Structuralist definition: development originates from the process of modernization. Mainstream approach: economic development, theory of economic growth, modernization theory. Development is narrowed further down to international assistance (but int development is in its own category) West as a model: a combo of endogenous and exogenous factors. Dividing the world into different blocks or groups (socialists vs conservatives etc) expected to have a bigger gap b/w rich and poor. International politics and development go hand in hand. Dev does not necessarily mean int assistance/ aid. Involves the betterment of the living condition of people in the fragile and conflict affected zones.