POLS 2080 Chapter Notes - Chapter 1: Per Capita Income, Newly Industrialized Country, Gini Coefficient
29 Dec 2013
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Labelling plays two key roles: they make existing practices appear legitimate, they shape the future of policy making. Newly industrialized countries: used to be called underdeveloped or third world , china, india, singapore, etc, referred to as an emerging market , determined by four criteria: Manufactured goods contributing to 30% of gdp. A shift in employment from agriculture to industry. Per capita income of : just because the world bank calls them developing countries doesn"t mean they"re necessarily making progress. Fourth world: can denote the poorest of the poor states failed states are bad for human well-being, can also refer to colonized aboriginal people. Development has usually been likened to economic growth. Global inequality is seen to be the reason of a long period of different growth rates (sachs) When the gdp grows rapidly it"s usually due to natural resources or industrialization: when countries reach a slowed middle class gdp it means they"ve reached a level of industrialization.
