Development - importance

Question 1

Peace

Answer 1

• 80% of the 20 poorest states have had a civil war since 1990
• Friedman’s Golden Arches theory states that economic ties reduce the likelyhood of states going to war with one another, and therefore advocates open trade

Question 2

Humanitarian

Answer 2

• highest per/capita GDP in 1800s remain richest today
• moral obligation
• Marshall plan reconstruction ($13 billion)

Question 3

Amount

Answer 3

• 1.2 billion live in extreme poverty

- 2.8 billion live on less than $700 a year