1. Today’s Schedule – 1/7 Factors of Development PPT Video: Population Paradox Homework – Read 19.3

2. Population Growth Population Growth Rate: percentage of population growth increase in a given year – Births, deaths and migration Natural Rate of Population Increase: Difference between birth rate and death rate

3. Consequences of Population Growth LDC population growth rate is 1.7% – 1990: 4.1b2031: 8b Ok for population to grow, so long as employment, healthcare, etc. is increasing as well

4. Why Stay as a LDC? Lack of: – Natural Resources – Physical Capital – Human Capital Malnourishment Education/training – Leave for developed countries

5. Why Stay as a LDC?- Political Factors Many LDCs were former colonies who provided agricultural G to their colonizers – Received manufactured G from colonizers preventing them from developing industries Government corruption Political instability

6. Why Stay as a LDC?- IN DEBT! After colonization ended, LDC countries took on a large number of loans to develop – Unable to repay these loans Current debt of LDCs = $1.5t

7. Video http://www.youtube.com/watch?v=CDJcKvukZR A