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Economic Development

Economic Development. Chapter 7. Economic Development. Process of change in the nature and composition of the economy of a region, as well as increases in the overall prosperity of a region. Development. What are patterns of economic development? What are pathways to economic development?

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Economic Development

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  1. Economic Development Chapter 7

  2. Economic Development • Process of change in the nature and composition of the economy of a region, as well as increases in the overall prosperity of a region.

  3. Development • What are patterns of economic development? • What are pathways to economic development? • Globalization and economic development

  4. Patterns of economic development • Uneven development • Resources and development • Economic structure of countries and regions • International trade, aid, and debt • Interpretations of patterns of development

  5. GNI PC

  6. HDI

  7. Gender empowerment

  8. Measuring development • Economic • Social • Demographic

  9. Measuring development • Economic • GDP • Economic structure • Worker productivity • Access to raw materials • Availability of consumer goods

  10. Measuring development • Social • Education and literacy • Health and welfare

  11. Measuring development • Demographic • LE • IMR • NIR • CBR

  12. Economic Structure • Primary (1°)– extractive activities • Secondary (2°)– manufacturing • Tertiary (3°)– selling/services • Quaternary (4°)– information services

  13. Economic Structure • Primary (1°)– brown collar • Secondary (2°)– blue collar • Tertiary (3°)– white collar • Quaternary (4°)– Bill Gates

  14. Agricultural land cover

  15. Worker Productivity • Value added factors: • Cargo ship 1X • Car 5X • Luxury car 10X • Jet engine 900X • Communications satellite 20,000X

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