Economic Development

1
Economic Development

• Chapter 17 Section 1

2
Objectives

• What is a less-developed country (LDC)?
• What does per-capita GDP have to do with the
  infant mortality rate?
  
• How are living conditions related to the GDP?

3
Question

• What would life be like in a poor country?

4

• Economic Growth is
• an increase in real GDP or real per-capita GDP
• Economic Development is
• a rise in the standard of living as measured by
  improvements
  

5

• Developed Country
• Country with a relatively high per-capita GDP or
  GNP
  
• Late-1990s 20,000 (top 10 average)
• Less-Developed Country
• Country with a relatively low per-capita GDP or
  GNP
  
• Late-1990s 160 (bottom 10 average)

6

• Infant Mortality Rate
• The number of children who die before their first
  birthday out of every 1,000 live births.
  
• Infant Mortality Rates tend to be closely related
  to per-capita GDP.
  
• High in LDC
• It is 74 (per 1,000) in LDC
• It is 11 (per 1,000) in developed countries

Middle to late 1990s
7
According to the United Nations Development
Program in less-developed countries

• 1.45 billion do not have health care services
• 1.33 billion do not have safe water
• 2.25 billion do not have sanitation facilities
• Millions of children die each year due to
  malnourishment and disease

8
Assessment

• What is a less-developed country?
• What does per-capita GDP have to do with the
  infant mortality rate?
  
• How are living conditions related to the GDP?

9
http//www.un.org/special-rep/ohrlls/ldc/list.htm
Also SIDS Also LLDCs