1 / 8

economic development good or bad?

economic development good or bad?. Confessions of an Economic Hit Man. essential question:. (A). Is all economic growth a good thing? answer this question on a sheet of paper. Case Study: Ecuador.

chuck
Download Presentation

economic development good or bad?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. economic development good or bad? Confessions of an Economic Hit Man

  2. essential question: (A). Is all economic growth a good thing? answer this question on a sheet of paper

  3. Case Study: Ecuador What are some potential benefits and challenges of Ecuador using foreign aid to build a hydroelectric plant?

  4. Benefits Production of electricity Profits- increase in GNP Support for infrastructure/ growth

  5. Challenges Accruing debt Profits for only a handful of citizens Destruction of natural habitat Loss of local land / culture

  6. What do you think? (B). Do the benefits outweigh the challenges? • answer this question on a sheet of paper

  7. Prologue xxiii “That hideous, incongruous wall is a dam that blocks the rushing Pastaza River, diverts its waters through huge tunnels bored into the mountain, and converts the energy to electricity. This is the 156-megawatt Agoyan hydroelectric project. It fuels the industries that make a handful of Ecuadorian families wealthy, and it has been the source of untold suffering for the farmers and indigenous people who live along the river.... Because of [such] projects, Ecuador is awash in foreign debt and must devote an inordinate share of its national budget to paying this off, instead of using its capital to help the millions of its citizens officially classified as dangerously impoverished. The only way Ecuador can buy down its foreign obligations is by selling its rain forests to the oil companies."

  8. essential question: (C). Is all economic growth a good thing? (D). did your answer change after reading the book excerpt? (E). why/ why not?

More Related