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TOK Lesson # 12: Development

TOK Lesson # 12: Development. By PresenterMedia.com. Key Points We’ll Consider:. Should the U.S. give more or less foreign aid?. Economic development. What is a third world country, a.ka . developing nation or LDC ? . 1. 2. 3. 4. 5. 6. 7.

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TOK Lesson # 12: Development

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  1. TOK Lesson # 12:Development By PresenterMedia.com

  2. Key Points We’ll Consider: • Should the U.S. give more or less foreign aid? Economic development What is a third world country, a.ka. developing nation or LDC? 1 2 3 4 5 6 7 • Should LDCs industrialize to improve their status? • What does the HDI tell us, and not tell us? • What is required for LDCs to join the developed countries? • What are some negative aspects (costs) of an LDC pursuing aggressive development? • What are the potential sources of funding LDC development?

  3. What is a third world country, a.k.a. developing nation or LDC? Characteristics of an LDC • Low income • Poor health care • Low level of education • Lots of kids • Primary sector jobs • Corrupt government • Poor infrastructure, • Etc, etc.

  4. Developed vs. Undeveloped countries RICHEST COUNTRY? Luxembourg GDP/Capita = $52,000 HDI = .95 Poorest Country? Congo GDP/Capita = $454 HDI = .52

  5. Video time! UN LDC video: http://www.unmultimedia.org/tv/webcast/2011/05/un-opens-conference-on-unlocking-economic-potential-of-world%E2%80%99s-poorest-countries.html

  6. Other classifications of countries: newly industrialized countries (NICs) such as China, India Transition economies Such as Poland, Vietnam

  7. What is required for LDCs to join the developed countries?2003 UN Human Development Trends: http://hdr.undp.org/external/gapminder/2003/hdi_trends.html

  8. What are the potential sources of funding LDC development and breaking the cycle of poverty?* Loans* Grants * FDI* Micro-credit schemes

  9. Should LDCs industrialize to improve their status? Yes…. and No…(Does that surprise you?)

  10. Should the US give more or less foreign aid?Less!More!U.S. $50 B.U.S. .2% of GDPSweden $ 5 B.Sweden 1% of GDP

  11. WHY should we worry about LDCs? WHY should we help them develop?* Future trade* Future political support * Less terrorism* Because it’s the right thing to do!

  12. What are some negative aspects (costs) of an LDC pursuing aggressive development?* Environmental damage* Resource depletion* Cultural losses* Human rights abuses* Debt

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