economic development

909713127/info Economic Dew * Hon Economics/Microeconor * 3 Hon Economies/Microecono * @ Chapter 16 Foreign Exchanger H... Join Now | Upbeatee ) Biography of Adam... G What specific stock... @ Home @ Wordly Wise 3000. B gnment/4909713127/info &Join Now | Upbeatee ) Biography of Adam. G What specific stock. @ Home @ Wordly Wise 3000. @ Big Introduction/The Importance of Economic Development Most people in the world today live in 1 2. In most of these countries. - is rampant. The income gap between 3 and developing countries is large. The industrialized countries of the world have helped developing countries for various humanitarian, Name economic, and political reasons. Stages of Economic Development GUIDED READING Activity 17-1 It is helpful to think of economic development as occurring in stages. Economic development begins with the stage. At this stage, the society has no formal economic organization. The second stage is 5 -a break from the primitive equilibrium and a move toward economic and For use with textbook pages 469-477 cultural changes. The third stage is 6 - - The people begin to put aside old customs and start to imitate new techniques displayed by outsiders. New industries begin to grow rapidly. The fourth stage is ECONOMIC DEVELOPMENT 7 national income grows faster than the population, and the country builds its core industries, invests more on capital investments, and makes technological advances. The final stage is FILLING IN THE BLANKS which is when the nation no longer emphasizes industrial production, but with its basic needs met, it increases services and provides more public goods. Directions: Use your textbook to fill in the blanks using the words in the box. Some words may be used more than once. Use another sheet of paper if necessary. Obstacles to Development One major obstacle to economic development is 9 The population of most developing countries grows at a rate much faster than the populations of industrialized nations. Reasons for this growth include developing countries semidevelopment crude birthrate external debt the high 10 - and an increasing 11 _ -the average remaining population growth life expectancy takeoff corruption lifetime in years for persons who reach a certain age. There are several other hindrances to economic growth: limited 12 -, major health problems and substance abuse. lack of appropriate education and primitive equilibrium high development natural resources technology, significant amounts of 13 government 14 - transition poverty industrialized countries and capital flight. Introduction/The Importance of Economic Devalan 9 Guided Reading Activities 8 9 O ho 5 16