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Intro to economic development
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Intro to economic development

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  • 1. W H A T E C O N O M I C S T R A T E G I E S H E L P T O E L I M I N A T E P OV E R T Y ? AN INTRO TO ECONOMIC DEVELOPMENT
  • 2. VIDEO CLIP QUESTIONS JOHN LEGEND'S SHOW ME CAMPAIGN 1) What does the boy see in the village? 2) What might cause people in this village to have this standard of living? 3) Why might some people stay stuck in a cycle of poverty? 4) How could this cycle be broken?
  • 3. WHAT CAUSES POVERTY? low income low levels of education the inability to own land discrimination geography age limited access to public services generational poverty
  • 4. WHAT CAUSES POVERTY TO CONTINUE FROM GENERATION TO GENERATION? THE POVERTY CYCLE 2. Low savings 3. Low investment (human, natural, & physical capital) 4. Low productivity of labor and land5. Low growth in income 1. Low income
  • 5. HOW DO YOU MEASURE DEVELOPMENT? Economic Indicator What It Measures Adult Literacy Rate % of population 15 and above who can read and write Primary and Secondary School Enrollment % of school-age children enrolled in school Human Development Index Includes: life expectancy, expected years of schooling, standard of living A ranking of 1 is the best. Gender Equality Index Includes: reproductive health, empowerment, participation in the labor market
  • 6. WHAT STRATEGIES ALLOW FOR ECONOMIC DEVELOPMENT? JEFFREY SACHS GOES TO AFRICA
  • 7. QUESTIONS TO CONSIDER 1) In what ways do you know poverty is rampant in the village? What resources do these people lack? (What did you see?) 2) How might these challenges prevent economic development? 3) How might groups help to transform this village into a Millennium Village?
  • 8. HOMEWORK: STRATEGIES FOR ECONOMIC DEVELOPMENT JEFFREY SACHS, “THE END OF POVERTY”

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