Nature-of-Economic-Development

1. The Nature of
Development
Economics

2. Introduction
• Brazil, Russia, India, China, and South
Africa (BRICS)
• Emerging economies
• Economic development is a process

3. How the Other Half Live
• Absolute poverty
–About two-fifths of the world’s
population (more than 7 billion
people) lives on less than $2 per day

4. How the Other Half Live
• Subsistence economy
• Production is for personal consumption
• Standard of living yields a little more
than basic necessities

5. How the Other Half Live
• Development
• Developing countries

6. The Nature of Development
Economics
• Traditional economics
• Political economy
• Development economics
• More developed countries (MDCs) vs
most less developed countries

7. The Important Role of
Values in
Development
Economics

8. Goals Derived from Subjective Value
Judgments
• economic social equality
• the elimination of poverty
• universal education
• rising levels of living
• national independence

9. Goals Derived from Subjective Value
Judgments
• modernization of institutions
• rule of law and due process
• access to opportunity
• political and economic participation
• grassroots democracy
• self-reliance
• personal fulfillment

10. Economies as Social Systems: The
Need to Go Beyond Simple
Economics
Social system
Institutional
Organizational
Values
Attitudes
Power structure
Traditions

11. What Do We Mean by Development?
• achieving sustained rates of growth of
income per capita
• major changes in social structures, popular
attitudes, and national institutions
• acceleration of economic growth, the
reduction of inequality, and the
eradication of poverty

12. Development
and Happiness

13. Three Core Values of Development
Sustenance
Self-esteem
Freedom

14. The Three Objectives of Development
increase the availability and widen
the distribution of basic life-sustaining
goods
raise levels of living
expand the range of economic and
social choices

15. Introducing the SDGs
The Sustainable
Development Goals

16. Introducing the SDGs
The Sustainable Development Goals
These slides are provided as a free public service by 17Goals, a multi-stakeholder partnership.
Images have been licensed from iStock/Getty or downloaded from Unsplash.com (an open source image bank)

17. The SDGs are …
➤ A set of 17 goals for the world’s future, through 2030
➤ Backed up by a set of 169 detailed Targets
➤ Negotiated over a two-year period at the United Nations
➤ Agreed to by nearly all the world’s nations, on 25 Sept 2015

18. What is new and different
about the 17 SDGs?
First, and most important, these Goals apply to every
nation … and every sector. Cities, businesses, schools,
organizations, all are challenged to act. This is called
Universality

19. Second, it is recognized that the Goals are all
inter-connected, in a system. We cannot aim to
achieve just one Goal. We must achieve them all.
This is called
Integration

20. And finally, it is widely recognized that achieving
these Goals involves making very big,
fundamental changes in how we live on Earth.
This is called
Transformation

21. #1: End poverty
in all its forms
everywhere

22. #2: End hunger, achieve food security and improved
nutrition and promote sustainable agriculture

23. #2: End hunger, achieve food security and improved nutrition
and promote sustainable agriculture
#3: Ensure healthy lives and promote well-being for
all at all ages

24. #4: Ensure
inclusive and
quality
education for all
and promote
lifelong learning

25. #5: Achieve
gender
equality and
empower
women and
girls

26. #6: Ensure access to water and
sanitation for all

27. #7: Ensure access to affordable, reliable,
sustainable and modern energy for all

28. #8: Promote inclusive and sustainable economic
growth, employment and decent work for all

29. #9: Build resilient
infrastructure, promote
sustainable
industrialization and
foster innovation

30. #10: Reduce
inequality within
and among
countries

31. #11: Make cities inclusive, safe, resilient and
sustainable

32. #12: Ensure sustainable consumption and
production patterns

33. #13: Take urgent
action to combat
climate change
and its impacts*

34. #14: Conserve
and sustainably
use the oceans,
seas and marine
resources

35. #15: Sustainably manage forests, combat
desertification, halt and reverse land degradation,
halt biodiversity loss

36. #16: Promote just, peaceful
and inclusive societies

37. #17: Revitalize the
global partnership
for sustainable
development

38. Each goal is
important
in itself …

39. Each goal is
important
in itself …
And they
are all
connected

40. To find out more, go to
17Goals.org
And read the real documents for yourself, at
https://sustainabledevelopment.un.org/topics
These slides are provided as a free public service by 17Goals, a multi-stakeholder partnership.
Images have been licensed from iStock/Getty or from Unsplash.com (an open source image bank)