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READ:
ACTIVITIES:
Items to Hand In:
- Activities 1 and 2: The completed spreadsheets
- Activity 3:
- Scatter diagram with points recorded for each of 20 countries
- Questions 3.13.4
- Activity 4
- The completed spreadsheet with alternative development indicators
- Questions 4.14.2.
Estimated Time Requirements
- Activity 1: Economic Model of Development -- 20-30 minutes
- Activity 2: Human Welfare Model of Development -- 20-30 minutes
- Activity 3: Comparing Economic Development and Human Welfare Development Models -- 20-30 minutes
- Activity 4: Alternative Indicators of Development 1-2 hours (in library or on web)
CONCEPTS / VOCABULARY
All "Key terms"Plus:
- GNP - gross national product (or GDP)
- GNP per capita
- LDCs
- MDCs
- third world
- second world
- first world
- doubling time
- rule of 70
- urbanization
- infrastructure
- literacy
- life expectancy
- HDI
- rule of 70
- primary activities
- secondary activities
- tertiary activities
- quaternary activities
- "Asian Tigers"
- trickle-down
- infant industries (p.189)
- protectionism (p.189)
- nationalization (p.189)
- Special Economic Zones (p.190)
- "shock therapy" (p.190)
- Grameen Bank (p.192)
- microloans (p.192)
- machismo (p.192)
- mass-variables (p. 207)
- per-capita variables (p. 207)
INSTRUCTOR'S NOTES and/or ADDITIONS TO TEXT READING
The textbook talks about the growing disparities in wealth and income in the world today. In the figure below we can see that 82.7 % of the world's wealth is owned by the richest 20% of the world's population. the remaining 80% of the world share 17.3 % of the world's wealth.

INSTRUCTOR'S NOTES and/or ADDITIONS TO ACTIVITIES
"Activity 4 involves independent research and critical thinking and requires students to apply the procedure learned in Activities 13 to their own measures of development. Before doing Activity 4, discuss the pitfalls in choosing inappropriate development variables. We outline the problems of using mass variables and variables unrelated to a country's level of welfare in the book."
The textbook asks you to go to the library to find other data to use as measures of economic development. we should be able to find all we need online. Here are some possible sources:
WEB RESOURCES