Introducing Economic Development: a Global Perspective
Name: Kiestiko Sri Saptasari
NIM: 126030112111011
PART ONE: PRINCIPLES AND CONCEPTS
Chapter I: Introducing Economic Development: A Global Perspective
1. How to Other Half Live
There are two type of family in the world: the wealth family and the poor one. It is said that over 40% of the world’s population lives on less than $2 per day, as a part condition of absolute poverty. The term absolute poverty is a situation of being unable to meet the minimum levels of income, food, clothing, healthcare, shelter, and other essential. On the other hand, the wealth family is the situation which has opportunity and necessary of education or training, employment (shelter, cloth, fee, health) and also save money for later life; however, they commonly meet the mental strain and physical pressures of trying to provide the family’s need.
Because of the above condition, development has to be done to improve the quality of all human lives and capabilities by raising people’s levels of living, self esteem and freedom. Thus, soon we will discover the process of developing countries cannot be analyzed realistically without also considering the role of economically developed nations in directly or indirectly promoting the development. The technology of modern transportation and communications in the modern world will increase the interdependency of each people around the world. Local situation will give impact to global condition, it means that what happen in one country will also influence other country that probably located in other continent. It is within this context of a common future for all mankind in the rapidly shrinking world of the 21st century that commerce our study of economic development. 2. Economic and Development Studies the study of economic development is one of the newest, most exciting and most challenging branches of the broader disciplines of economics and political economy. Although development economics often draws relevant principles and
NIM: 126030112111011
PART ONE: PRINCIPLES AND CONCEPTS
Chapter I: Introducing Economic Development: A Global Perspective
1. How to Other Half Live
There are two type of family in the world: the wealth family and the poor one. It is said that over 40% of the world’s population lives on less than $2 per day, as a part condition of absolute poverty. The term absolute poverty is a situation of being unable to meet the minimum levels of income, food, clothing, healthcare, shelter, and other essential. On the other hand, the wealth family is the situation which has opportunity and necessary of education or training, employment (shelter, cloth, fee, health) and also save money for later life; however, they commonly meet the mental strain and physical pressures of trying to provide the family’s need.
Because of the above condition, development has to be done to improve the quality of all human lives and capabilities by raising people’s levels of living, self esteem and freedom. Thus, soon we will discover the process of developing countries cannot be analyzed realistically without also considering the role of economically developed nations in directly or indirectly promoting the development. The technology of modern transportation and communications in the modern world will increase the interdependency of each people around the world. Local situation will give impact to global condition, it means that what happen in one country will also influence other country that probably located in other continent. It is within this context of a common future for all mankind in the rapidly shrinking world of the 21st century that commerce our study of economic development. 2. Economic and Development Studies the study of economic development is one of the newest, most exciting and most challenging branches of the broader disciplines of economics and political economy. Although development economics often draws relevant principles and