POLI 200 Chapter Notes - Chapter 17: Liberal Democracy, World Trade Organization, Rela
21 Nov 2016
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Document Summary
Purchasing power parity (ppp): a measure of per capita income that shows the purchasing power of an income instead of its worth at current exchange rates. Gross domestic product (gdp): market value of good and services produced in a country, excluding transactions with other countries. A way to compare developed and developing countries. Shows if economic growth is growing or not. Does not mean development because it doesn"t necessarily decrease poverty. Development: condition that involves the satisfaction of basic needs for everyone and a means for the population to live a productive, fulfilling life based on the creation of a diversified, sophisticated and sustainable economy. 3 goals of development: satisfying everyone"s basic needs. Life fulfillment, education, health, housing, food etc. Education for young women: slower pop growth, skilled workforce, healthier pop: building a diversified, sophisticated economy. Tech and management capacities similar to developed countries. Support for domestic businesses by banks and companies: environmentally sustainable.
