hand out 1 Flashcards
(17 cards)
Can per capita income growth occur without reducing poverty?
Yes, if growth is concentrated in certain sectors or regions without broad distribution of benefits.
How is development economics broader than traditional economics?
It includes institutional, political, and social aspects beyond just economic mechanisms.
Why should high-income countries help low-income countries?
Expands markets, reduces war and terrorism risks, limits disease spread, and manages migration.
How is happiness related to development?
Linked to income, social relationships, freedoms, religious beliefs, and health.
What is the ‘capabilities to function’ approach?
Focuses on individuals’ ability to live fulfilling lives, beyond income alone.
Is money enough for development?
No, health, education, freedoms, and social stability are also crucial.
How do MDGs compare to SDGs?
MDGs (2000-2015) had narrower goals, SDGs (2015+) are broader and sustainability-focused.
Why do women play a key role in development?
Influence children’s future and allocate income more towards family needs.
What classifies a country as more or less developed?
Level of income per capita.
What does Sen’s ‘capability to function’ imply?
Economic development isn’t just income; health, education, and inclusion matter.
What is a subsistence economy?
An economy where people produce what they consume.
What does development economics study?
Alleviation of poverty, institutional transformation, and resource allocation in developing countries.
Why must development economics be broader than traditional economics?
Social institution transformation is necessary for development.
What defines development?
Eliminating poverty, improving quality of life, and fulfilling individual potential.
What is NOT an important development objective?
All of the listed choices (income growth, expanded choices, self-esteem) are important.
What are some Sustainable Development Goals (SDGs)?
Eliminating extreme poverty, 7% growth in least-developed countries, universal clean water access.
What are the core values of development?
Income growth, reduced inequality, and meeting basic needs.
