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Economic Growth and MDG Insights

The document discusses the causes of economic growth, highlighting the limitations of resources for achieving developed world living standards for all. It explores trends in per capita income, Malthusian interpretations of population growth, and theories behind the industrial revolution. Additionally, it addresses the Millennium Development Goals, emphasizing the importance of economic output while questioning its sufficiency in addressing these goals.

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nicholascronnelly
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3 views1 page

Economic Growth and MDG Insights

The document discusses the causes of economic growth, highlighting the limitations of resources for achieving developed world living standards for all. It explores trends in per capita income, Malthusian interpretations of population growth, and theories behind the industrial revolution. Additionally, it addresses the Millennium Development Goals, emphasizing the importance of economic output while questioning its sufficiency in addressing these goals.

Uploaded by

nicholascronnelly
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

Tutorial Topic 2.

1. The causes of economic growth:


“There are not enough resources on the planet to give eight billion people the standard of
living currently enjoyed in the developed world.”

a. What are the most significant trends in per capita income over the long run and what
competing explanations of these are there?
b. How might you interpret huge increases in population from a Malthusian standpoint?
c. Does your understanding of economic growth lead you to agree or disagree with the above
statement?
d. Discuss the two main theories for the cause of the industrial revolution.
e. How can we use a production function to understand economic growth?

2. Millennium Development Goals:

a. Recall from your readings the eight millennium development goals


([Link]
).
b. Which goal do you think is most critical?
c. To what extent do you believe that increases in economic output (GDP per captia) can solve
these goals? What measures do you think might also be important, and why do you think
that simply raising average income won’t address them?

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