1. GDP per Capita: Highest 1900 #1 United Kingdom #2 New Zealand #3 Australia #4 United States #5 Belgium #6 Netherlands #7 Switzerland #8 Germany #9 Denmark #10 Austria #11 France #23 Japan 2005 #1 Luxembourg #2 Norway #3 Iceland #4 Qatar #5 Switzerland #6 Ireland #7 Denmark #8 United States #9 Sweden #10 Netherlands # 13 UK # 16 Japan # 18 France From Angus Maddison, The World Economy, OECD, 2001; Nation Master.comNation Master.com

2. GDP per Capita: Lowest (2005) 1.Burundi 2.Ethiopia 3.Congo 4.Liberia 5.Malawi 6.Guinea-Bissau 7.Sierra Leone 8.Eritrea 9.Rwanda 10.Afghanistan Source: The Economist, Pocket World in Figures, 2006, p. 28.

3. Developing World South LDCs Third World – Latin America – Asia – Africa

4. Western Hemisphere Colonized (current borders included)

5. Colonized Africa

6. Colonized Asia 1910

7. Middle East Colonized (roughly WWI) http://www.npr.org/news/specials/mideast/the_west/colonies_map.html

8. Independence Latin America (by 1823) Middle East (after WW I) Africa and Asia (post-WW II)

9. Strategies for Development 1.Modernization: Be like the west 2.Nationalization: Seize assets of wealthy nations in a developing nation (related to Dependency) 3.Marxism: Use Soviet Union as a model 4.Group Efforts 5.East Asian Strategy

10. 1. Modernization : Basic Dilemma EDCs North America Western Europe Japan Large middle class High Tech Industrial products High skills High wages Cars, chemicals, aerospace, telecomm, electronics, software LDCs Africa, Asia, Middle east, Latin America Primary products Commodities Elites -- impoverished Low skills Low wages Bananas, coffee, minerals, rubber, timber

11. The Flow of Money $$$$$$ : cars, computers, manufactured goods $$: bananas, coffee, timber, minerals EDCs LDCs

12. 2. Nationalization Dilemma Global Wealth ranking by GDP per capita (for nations following Nationalization strategies after WW II) 1900 19502005 Argentina121231 Chile161653 Mexico222757 Colombia252676 Venezuela274 84 (data from: Nation Master.Com: http://www.nationmaster.com/index.php)

13. 3. Marxism Clockwise from the top: Statue of Kim Il-sung, North Korean leader from 1948-1994; skulls left by the Khmer Rouge, in power in Cambodia from 1975-1978; Fidel Castro, dictator of Cuba 1959-?

14. 4. Group Efforts NIEO UNCTAD Group of 77 OPEC

15. 5. East Asian Strategy 1.Japan as the Model 2.Business-Government Partnership 3.Open up the Economy to Foreign Investment 4.Exports! 5.Export Processing Zones 6.Building Home Companies

16. Four Tigers Hong Kong Singapore South KoreaTaiwan

17. Tokyo 1945

18. Tokyo 50-60 Years later

19. Seoul, ROK

20. Singapore

21. Taipei, Taiwan

22. Hong Kong, China

23. Integrating into the World Economy Parts Unfinished imports exports productsFinished Componentsproducts Export Processing Zone

24. The Biggest of the Big Emerging Markets China 1978 Deng Xiaoping

25. Shanghai, China

26. Guangzhou, China

27. Indian Reform 1991 P. V. N. Rao Manmohan Singh PM 1991-1996 Min of Finance 91-96 PM 2004-present

28. China and India and Asian Growth China 1.3 billion India 1.0 billion 2.6 billion of 7 billion humans; statistically the largest economic reform program in world history Add Southeast Asia: 3.5 billion entering the modern world economy Tallest Buildings in the world today Tallest Buildings The Future

29. A Long Way to Go

30. Poverty in India

31. Fastest Growing Economies 1983-1993 1.China 2.Thailand 3.Botswana 4.Taiwan 5.South Korea 6.Macau 7.Chile 8.Singapore 9.Indonesia 10.Malaysia Source: The Economist, Pocket World in Figures, 2006 and 2010, p. 32- 33. 1997-2007 1.Equatorial Guinea 2.Turkmenistan 3.Azerbaijan 4.Myanmar 5.Armenia 6.Qatar 7.China 8.Angola 9.Cambodia 10.Bhutan