Development

What is development & development economics? Why does it matter?

• it requires to think about values and priorities.
• sustained improvement in the well-being of the countries' many people with special emphasis on improvements for the poor.

* It is matter because studying development today is crucial for understanding our world and addressing several global problems. WE need to understand the lives of the poor, alleviate poverty, reduce inequalities between countries and regions because there is no other way ----- major global issues.

POVERTY X WEALTH

migration health

change in activity education - living conditions

risky activity income - social life

investment prospects(physical /human) risk - autonomy

# %90 of the world population: less than $10/ day (PPP)

# life expectancy in SSA: 51 years

# half of the world population has no access to improved sanitation.

Development is closely related to climate change, environment, terrorism, civil conflicts, migration, civil rights, political & individual freedom, democracy...

• series of socio-economics which improve people's well- being: saving, investing

starting firms, participating in democracy, etc.

Interventions: everything done by external actors

Project: small-scale, clear goal

Program: larger-scale, more systemic

Policy: largest-scale, perennial (uzun ömürlü)

examples for development as a process = aids treatment, road construction, new green evolution, primary education, drinking water, conditional cash transfer programs

• Development economics help us to put structure on relations, understand the required process and actors for change, design inventions and more