Economic Development and Global Inequality
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Economic Development and Global Inequality
Understanding Rostow's Stages of Economic Growth Measuring Inequality with the Gini Coefficient Exploring the relationship between development and disparity
Rostow's Five Stages of Economic Growth
A model explaining how countries develop economically Shows progression from traditional to modern economies Helps us understand different development levels globally Not all countries follow the same path
The Five Stages Explained
What is Economic Inequality?
Unequal distribution of wealth and income Some people have much more than others Can exist within countries and between countries Affects quality of life and opportunities
The Gini Coefficient: Measuring Inequality
A number between 0 and 1 that measures inequality 0 = perfect equality (everyone has the same) 1 = maximum inequality (one person has everything) Helps us compare inequality between countries
Global Gini Coefficient Examples
{"left":"Canada: 0.31 (relatively equal)\nBrazil: 0.53 (high inequality)\nSouth Africa: 0.63 (very high inequality)","right":"Denmark: 0.25 (very equal)\nWhat patterns do you notice?\nHow might this affect development?"}
Group Analysis Activity
Work in groups of 5 students Analyze your assigned country's data Determine: What development stage? High or low inequality? Discuss: How might inequality affect development? Prepare a 1-minute summary to share
Reflection Question
Can a country grow economically but still have large inequality? What might this mean for the people living there? Think about examples from today's lesson