GDP
total value of goods and services produced within a country
human development index (HDI)
measures the average well being of all people within a country
HDI is based on three factors:
1. Wealth
2. Education
3. Life expectancy
happy planet index (HPI)
wellbeing, life expectancy, ecological footprint
development (IB definition)
a sustained increase in the standard of living & well-being of a level of social organization
3 ways development can be defined
Economic growth (GDP)
Improved well fair - HDI
Lifestyles that respect the environment (HPI)
4 limitations of defining development
criticisms of Jared Diamond (Guns, Germs, and Steel)
6 features of physical geography that may impact a state’s development
Landlocked
Lack of navigable rivers
Lack of natural harbors
Arid conditions
Tropical conditions
Natural resources
environmentalism
focuses on the well-being of the planet and the many ecological systems that sustain life. It seeks to understand, and critique, human impacts on environmental systems.
non-state actors involved w/ environmentalism
Greenpeace
Sierra Club,
World Wildlife Fund,
Intergovernmental Panel on Climate Change (IPCC) which is a branch of the United Nations.
3 examples of global efforts for environment
green party politics
Environmentalism is also represented in established party politics in many states. This theory of development is held most deeply by green parties. While green parties rarely achieve significant representation in national governments, they appear to be growing in popularity and overall recognition.
Although not created by a green party, a proposal has been made in the United States to address the issue of climate change known as the Green New Deal.
European Green Party
a political party that is active across the entire European continent, both within the European Union and beyond.
Why Nations Fail
Authors Daron Acemoglu (MIT economist) and James A. Robinson (U of Chicago Political Scientist) argue that it is political and economic institutions that underlie economic success.
* you need politically inclusive and economically inclusive institutions
before you achieve economic prosperity
transparency
Developed countries have relatively high levels of government transparency. This means the actions of government officials can be reviewed by the public or an independent body. The purpose here is to prevent corrupt government officials from personally benefiting from their office.
why is an independent judiciary system important?
A state that does not have an independent judiciary may be more vulnerable to corruption.
corruption perceptions index (CPI)
The CPI ranks 180 countries and territories around the world by their perceived levels of public sector corruption, scoring on a scale of 0 (highly corrupt) to 100 (very clean).
Worldwide Governance Indicators (6)
political factors that inhibit development
who wrote the bottom billion
Paul Collier, Professor of Economics at Oxford University
4 traps of the bottom billion
conflict trap
large economic costs to a country, relapse is high,
the longer it occurs the harder it is to overcome,
some people profit over it
natural resource trap
Resources create conflict due to corruption
The more resources the less taxes and the less taxes the less accountability citizens have for their government
The exploitation of one resource leads to a drop off in other resources- The Dutch Disease
landlocked trap
limited market for their goods
Conflicts can trickle over
High costs for exports and imports