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Development Economics Unit Overview (IB Unit 5)
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Aug 13 2008, 8:08 AM EDT
welkerjason
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The main purpose of this section is to provide students with the opportunity to understand the problems
faced by developing countries, and to develop an awareness of possible solutions to these problems.
5.1 Sources of economic growth and/or development
•
Natural factors: the quantity and/or
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Aug 13 2008, 8:02 AM EDT
welkerjason
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• Poverty cycle: low incomes � low savings �
poverty
low
cycle.
investment
� low incomes
•
Institutional and political
factors.
factors
• ineffective taxation structure
• lack of property rights
• political instability
• corruption
• unequal distribution of income
• formal and informal markets
• lack of infrastructure
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May 15 2008, 11:59 PM EDT
welkerjason
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May 15 2008, 11:59 PM EDT
May 15 2008, 11:57 PM EDT
welkerjason
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Micro-credit schemes. Fair trade organizations.
Sustainable development.
Evaluation of growth and development strategies
Evaluation of trade v aid and market-led v interventionist strategies.
Evaluation of the role of international financial institutions (the IMF; the World Bank; private sector banks; non-government organisations; multinational corporations/transnational corporations; commodity agreements).
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May 15 2008, 11:52 PM EDT
welkerjason
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