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Unit III

Unit III. REGIONAL DISPARITIES AND THE GLOBAL ECONOMY. MEXICO. UNITED STATES. The Geography of the World Economy. What is economic development?.

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Unit III

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  1. Unit III REGIONAL DISPARITIES AND THE GLOBAL ECONOMY MEXICO UNITED STATES

  2. The Geography of the World Economy What is economic development? • can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base. E.g. water, food, clothing, adequate shelter, literacy,education, employment, wealth, health care, sanitation, social mobilization, social security, science and technology, industrialization, urbanization “The big (global) challenge and threat is the gap in wealth and health that separates rich and poor. These are often styled North and South, because the division is geographic; but a mor accurate signifier would be the West and the Rest, because the division is also historic. Here is the greatest single problem and danger facing the world of the Third Millenium.” David Landes, Economic Historian and author “The Wealth and Poverty of Nations”

  3. The Geography of the World Economy • Why is economic development so important? • meets basic needs • reduces extreme poverty • reduces social strife and political conflict • improves economic efficiency • prioritizes investments in education, skills, and technology • provides tax revenue for governments to fund hard and soft infrastructure • creates meaningful and sustainable employment, raising incomes • empowers women and promotes women’s rights • helps to protect the natural environment • overall, it makes people more tolerant, trusting, autonomous, and democratic (although not necessarily)

  4. The Geography of the World Economy What is Economic Disparity? At its root, disparity means inequality. But it goes further than that -refers to the gap between the rich and the poor. The poorest 20% of the populationreceive only 1.0% of the global incomewhile the richest 5% enjoys 40% of all income. The ratio of GNP per capita betweenCanada and Mozambique in 2005 is 108:1 As a result of this gap, we lead tremendously (obscenely) rich lives while many cannot meet their most basic needs.

  5. The Geography of the World Economy • Task 1: • 1. Read Article, Global Inequality: Trends and Remedies. • 2. Why is economic global disparity a problem? • 3. Highlight the good and bad news of trends in economic disparity. • 4. List and describe the three policy recommendations for decreasing • global inequalities. Do you agree?

  6. The Geography of the World Economy • Task 2: • Research and select three ‘amazing or astonishing’ facts or statistics that describe disparity (each student must have a different set of facts) • Create 3 PowerPoint slides depicting those three facts/stats with a compelling supporting image (be sure to cite your sources on each slide) • Make the words powerful - large, bold with shadow for emphasis • Fonts: Choose one of Arial, Arial Black, Comic Sans, Georgia, Tahoma or Verdana • Background: Make the photo/image the background. • Examples are posted on the course website. Start by referring to the following: http://www.countdown.org/end_articles/fam_kofi_annans_astonishing_facts.htm • and Chapter 12 in the textbook.

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