Today’s Schedule – 1/7

• Factors of Development PPT• Video: Population Paradox• Homework–Read 19.3

Population Growth

• Population Growth Rate: percentage of population growth increase in a given year–Births, deaths and migration

• Natural Rate of Population Increase: Difference between birth rate and death rate

Consequences of Population Growth

• LDC population growth rate is 1.7%–1990: 4.1b 2031: 8b

• Ok for population to grow, so long as employment, healthcare, etc. is increasing as well

Why Stay as a LDC?

• Lack of:–Natural Resources–Physical Capital–Human Capital•Malnourishment•Education/training–Leave for developed countries

Why Stay as a LDC?- Political Factors

• Many LDCs were former colonies who provided agricultural G to their colonizers–Received manufactured G from

colonizers preventing them from developing industries

• Government corruption• Political instability

Why Stay as a LDC?- IN DEBT!

• After colonization ended, LDC countries took on a large number of loans to develop –Unable to repay these loans

• Current debt of LDCs = $1.5t

Video

http://www.youtube.com/watch?v=CDJcKvukZRA