some questions? what does "development" really means with respect to different countries?...
TRANSCRIPT
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SOME QUESTIONS?
What does "development" really means with respect to different countries?
Can you determine which countries are more developed and which are less?
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Economic Development
Analyse the prospects of development of Kazakhstan’s economy
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LEARNING OBJECTIVES
Distinguish between economic growth and development
Identify factors that affect economic development
Analyse the factors related to the Kazakhstan economy
Decide whether Kazakhstan might achieve its development plan in future
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DEFINITIONS
IN PAIRSLook for the difference between economic growth and economic development.
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DEFINITIONS Economic growth : increase in output and
incomes over time, measured on a per capita basis
Economic Development : The process that leads to improved standards of living for the population
Human development : Human development is the widening of people’s choices in life to achieve wellbeing
Sustainable development: The use of various strategies and resources optimally to achieve a beneficial balance over the longer term
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ECONOMIC DEVELOPMENT
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IN PAIRS
Read the passage and identify the factors (indicators) of economic development
TA SK
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FACTORS FOR ANALYSING ECONOMIC DEVELOPMENT
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MAIN FACTORS
#1 HUMAN DEVELOPMENTa) Life sustenance (access to basic
goods and services)b) Self esteem (respect and
dignity)c) Freedom (from want and
poverty
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MAIN FACTORS
#2 INCREASE IN THE QUANTITY OF PHYSICAL CAPITAL
What is “Physical capital” ???
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Is an important source of growthIncreases Productivity of labour
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MAIN FACTORS
#3 INCREASES THE QUANTITY OF HUMAN CAPITAL
- Human capital is a source of growth.
How can we increase the productivity of labour???
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1) EDUCATION 2) HEALTH
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MAIN FACTORS
#4 DEVELOPMENT OF NEW TECHNOLOGIESWhy is it important ?
It increases the QUALITY of physical capital
BUT
It must be suitable for the country
Eg Climate, ecology and geographical conditions
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MAIN FACTORS
#5 INSTITUTIONAL CHANGES
= (rules of organisations)Include- Economic – finance and credit- Legal – contracts and tax- Social – corruption and poverty
- Can you think of examples that hinder growth?
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AN EXAMPLE
AUKLAND (New Zealand)
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DEVELOPMENT GOALS
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GROUP STUDY
Let’s look at Kazakhstan