Life in the Developing Nations: Population and Poverty 1.What is the distribution of the world's population between the developed nations and developing nations? What is the distribution of income between these two groups and their consumption as a percentage of world income? 2.Can the same principles that have been used in the study of advanced economies be used to

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter19: Economic Development
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Life in the Developing Nations: Population and Poverty

1.What is the distribution of the world's population between the developed nations and developing nations? What is the distribution of income between these two groups and their consumption as a percentage of world income?

2.Can the same principles that have been used in the study of advanced economies be used to study less developed economies as well? Explain your answer.

3.What are some of the issues that economists have to worry about when studying developing nations that are very different from those of advanced industrialized nations?

4.In the 1960 nations could be divided into three distinct groups. Discuss these three groups and offer examples of countries that fit into each of these categories.

5.Why is it that today it is more difficult to categorize countries into the three neat groups like the one that were used in the 1960s.

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