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Understanding Global Economic Indicators and Development Challenges

Explore the significance of per capita GNI, subsistence agriculture, and risks of one-crop economies. Learn how inadequate human resources in developing nations affect productivity and economic growth. Delve into the historical context of First, Second, and Third Worlds post-WWII. Step into a partner assignment to analyze and respond to questions on page 410.

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Understanding Global Economic Indicators and Development Challenges

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Presentation Transcript

  1. Bell Ringer #13 – 5/4/11 • What type of indicator is the “per capita GNI” for a nation? • Explain “subsistence agriculture”? • Why are one-crop economies at risk?

  2. Human Resources • Developing nations have inadequate education, job training, diet and medical care. • These often result in low worker productivity. • These nations are struggling to improve education and training to improve their economies.

  3. 1st, 2nd, 3rd Worlds • After WWII, USA and USSR competed. • First World – USA and powerful allies (Britain, Canada) • Second World – Soviet Union • Third World – Poor countries that resisted alignment. Indonesia, Libya. • These terms are no longer used by economists today

  4. Partner Assignment • Read page 410 • Rewrite & answer questions 1 & 2

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