1. Economics, Institutions, and Development: A Global Perspective
Chapter 1 1

2. How the Other Three-Quarters Live
A typical family in North America
A typical family in rural Asia
A typical family in urban South America

3. Economics and Development Studies
The nature of development economics
Development economics: some critical questions
The role of values in development economics

4. Economies as Social Systems
Economics is important
Non-economic variables are also important
Values, attitudes, and institutions must be understood

5. What Do We Mean By Development?
Traditional economic measures
The new economic view of development
underdevelopment is more than just statistics
development is a multidimensional process
Three core values of development
sustenance
self-esteem
freedom from servitude

6. What Do We Mean By Development?
The three objectives of development
increases in availability and improvements in the distribution of food, shelter, health, protection, etc.
improvements in ‘levels of living,’ including higher incomes, more jobs, better education, etc.
expansions in the range of economic and social choices available to individuals and nations

7. Concepts for Review Attitudes Development Development economics
Freedom
Globalization
Gross National Product (GNP)
Income per capita
Per capita GNP
Political economy
Self-esteem
Social indicators
Social system
Subsistence economy

8. Concepts for Review Sustenance Third World Traditional economics
Value premises
Values