OUR GLOBALIZED WORLD  16
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READ TO FIND OUT
  1.  What globalization is.
  2.  The relationship between economic development and  population growth.
  3.  How China has changed its economy to achieve greater prosperity.
  4.  The concerns about income growth in the underdevoped countries.
  5.  The role played by property rights and markets in the protection of                  environmental resources.
  6.  How Governments use market incentives to protect the environment.

  OUTLINE
  I  Globalization
       A.  Worldwide Changes as a Result of Globalization.
              1.  Life expectancy has almost doubled
              2.  Democracy has increased
              3.  Evolution between 1950 and 1999
              4.  The percentage of children in the Labor Force has dropped.
              5.  The increase of technology has raised the per capita income
       B.  Anti-globalization
II  Economic Development
       A.  Development and Population Growth
       B.  Birth Rates and Death Rates
       C.  Productivity and Population in the Less-Developed Countries
       D.  China as a case study in Development
       E.  GDP growth in other countries (Table on p. 293)
III  Income Growth in Less-Developed Countries
       A.  Labor Standards
       B.  The Environment and Economic Growth
              1.  The Cow and the Buffalo
       C.  Resources and Incentives
              1.  Elephants and Ownership
  IV  Markets or Government Regulations
       A.  Fees and Polution
       B.  Tradable Permits
       C.  Our Global Cupboard
       D.  New Research and Technology
  V  The Future
       A.  How Interdependent are we in the Global World?
GOD BLESS YOU FOR YOUR STUDIES AND KNOWLEDGE OF OUR ECONOMY.  MAY YOU BENEFIT FROM WHAT YOU HAVE LEARNED!!!