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Gale Pooley
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Lecture 1 - Introduction Economic Development
Opening Prayer
Dr. Gale L. Pooley, Ph.D. Email: gpooley@byuh.edu Phone: 675-3587 Office: HGB 227 Office Hours: Wednesday 10:00am - 11:00pm Tuesday and Thursday 1:30pm – 3:00pm or by appointment
Econ Lab TA Conner
How many keys? How many songs?
Why are some countries so rich and others so poor?
Angus Maddison
2016 1 AD $2 $100 $30 World 15x Northern Europe North America 50x 1820
1820 2020 Change Population 1 billion 7.8 billion 7.8 x Life Expectancy 30 years 72 years 42 + Income Per Capita Per Day $2 $30 15 x
Globalization
Globalization Trading with anybody anywhere anytime
Hans Rosling gapminder.org
It never changes! The Destiny Instinct This is the solution! The Single Perspective Instinct Dramatic Instincts The Fear Instinct It’s scary! The Negativity Instinct It’s getting worse! The Size Instinct It’s big! The Blame Instinct That’s the bad guy! The Urgency Instinct It’s now or never! This poster is part of Gapminder’s free teaching resources. Gapminder is an independent Swedish foundation with no political, religious or economic affiliations. We fight devastating misconceptions with a fact-based worldview which everyone can understand. LICENSE: Freely available under Creative Commons Attribution License. Please copy, share, modify, integrate and even sell them, as long as you mention ”Based on a free teaching material from www.gapminder.org”. The Straight Line Instinct It just continues! The Generalization Instinct They are all the same! The gap instinct Look at the gap! Learn to recognize the ten common story types that often make us misinterpret facts and see them as more dramatic than they are. 1 3 5 7 9 2 4 6 8 10 www.gapminder.org/factfulness
Rules of Thumb Is there really a gap? Locate the majority TO CONTROL THE GAP INSTINCT Would improvement get attention? Expect negative news TO CONTROL THE NEGATIVITY INSTINCT Is it really dangerous? Calculate the risk TO CONTROL THE FEAR INSTINCT Is it big in comparison? Check the proportions TO CONTROL THE SIZE INSTINCT Isn’t it always changing slowly? Notice slow changes TO CONTROL THE DESTINY INSTINCT What other solutions exist? Use multiple tools TO CONTROL THE SINGLE PERSPECTIVE INSTINCT What system made this possible? Resist pointing finger TO CONTROL THE BLAME INSTINCT Can we make decisions as we go? Take small steps TO CONTROL THE URGENCY INSTINCT FACTFULNESS Why would this line not bend? Imagine bending lines TO CONTROL THE STRAIGHT LINE INSTINCT How are they different? Question your categories TO CONTROL THE GENERALIZATION INSTINCT Control your dramatic instincts by making it a habit to always question dramatic stories that trigger your dramatic instincts. 1 3 5 7 9 2 4 6 8 10 www.gapminder.org/factfulness

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Ed1

  • 1.
  • 2. Lecture 1 - Introduction Economic Development
  • 4. Dr. Gale L. Pooley, Ph.D. Email: gpooley@byuh.edu Phone: 675-3587 Office: HGB 227 Office Hours: Wednesday 10:00am - 11:00pm Tuesday and Thursday 1:30pm – 3:00pm or by appointment
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  • 9.
  • 10. Why are some countries so rich and others so poor?
  • 11.
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  • 18. 1820 2020 Change Population 1 billion 7.8 billion 7.8 x Life Expectancy 30 years 72 years 42 + Income Per Capita Per Day $2 $30 15 x
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  • 23. It never changes! The Destiny Instinct This is the solution! The Single Perspective Instinct Dramatic Instincts The Fear Instinct It’s scary! The Negativity Instinct It’s getting worse! The Size Instinct It’s big! The Blame Instinct That’s the bad guy! The Urgency Instinct It’s now or never! This poster is part of Gapminder’s free teaching resources. Gapminder is an independent Swedish foundation with no political, religious or economic affiliations. We fight devastating misconceptions with a fact-based worldview which everyone can understand. LICENSE: Freely available under Creative Commons Attribution License. Please copy, share, modify, integrate and even sell them, as long as you mention ”Based on a free teaching material from www.gapminder.org”. The Straight Line Instinct It just continues! The Generalization Instinct They are all the same! The gap instinct Look at the gap! Learn to recognize the ten common story types that often make us misinterpret facts and see them as more dramatic than they are. 1 3 5 7 9 2 4 6 8 10 www.gapminder.org/factfulness
  • 24. Rules of Thumb Is there really a gap? Locate the majority TO CONTROL THE GAP INSTINCT Would improvement get attention? Expect negative news TO CONTROL THE NEGATIVITY INSTINCT Is it really dangerous? Calculate the risk TO CONTROL THE FEAR INSTINCT Is it big in comparison? Check the proportions TO CONTROL THE SIZE INSTINCT Isn’t it always changing slowly? Notice slow changes TO CONTROL THE DESTINY INSTINCT What other solutions exist? Use multiple tools TO CONTROL THE SINGLE PERSPECTIVE INSTINCT What system made this possible? Resist pointing finger TO CONTROL THE BLAME INSTINCT Can we make decisions as we go? Take small steps TO CONTROL THE URGENCY INSTINCT FACTFULNESS Why would this line not bend? Imagine bending lines TO CONTROL THE STRAIGHT LINE INSTINCT How are they different? Question your categories TO CONTROL THE GENERALIZATION INSTINCT Control your dramatic instincts by making it a habit to always question dramatic stories that trigger your dramatic instincts. 1 3 5 7 9 2 4 6 8 10 www.gapminder.org/factfulness