Wednesday, April 24, 2019

Wednesday April 24

New Concepts:

  • Measuring Economic Development
    • Single Indicators
      • Financial
      • Health
      • Education
    • Composite Indicators
      • HDI
      • Other Composite Indicators

Resources:

Power Point - Measuring Development

Understanding Purchasing Power Parity

Interactive Big Mac Index - The Economist

Power Point - Characteristics of Developing Countries
        Also includes Diversity among Developing Countries and the Millennial Goals

UN Website - Sustainable Development Goals

UN Website - Data Reports



CIA World Factbook

Homework:
You will be creating an ongoing visual presentation of your LDC
Using your selected LDC...

  • Determine the characteristics that your LDC displays
    • Data breakdown
      • Population growth rate (Birth Rate)
      • Dependency Ratio
      • Unemployment data
      • Health indicators
      • Education Indicators
      • GDP, GNI and PPP
  • Give a breakdown of your LDC's diversity
    • Resources
    • Historical background
    • Geography and demographics
    • Ethnicity and Race
    • Structure of Industry (Jobs)
    • Per Capita Income levels
    • Political structures
  • Using the Millennial Goals, determine if your LDC has reached those goals based on 2016 numbers
  • Use both single and composite measurements of development to analyze your LDC
    • Make sure to compare GDP and GNI and discuss any Foreign Direct Investment in your LDC
  • Create a Lorenz Curve for your LDC
  • Analyze your LDC's capability of economic development
    • domestic barriers of development
    • international barriers of development
    • What does your country need to help them reach the 17 Sustainable Development Goals?
  • Evaluate possible solutions that could help create economic development in your LDC

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