Transcript Here is the plan…

Class Discussion
Question
What do you want to be
when you “grow up”?
How much education does that job require?
How much does that profession generally
pay? How competitive is this field in terms of
hiring / advancement?
Here is the plan…
• Students will understand the basic
structure of South Asia’s economy.
• Students will compare the economy of
South Asia to that of the United States.
• Students will predict the economic future
of South Asia.
American Economy
• Pros
• Cons
Here is your competition…
Source – CIA Factbook
2013 Overall GDP (PPP) Billions of Dollars
18000
16720
16000
14000
12000
10000
8000
4962
6000
4000
2000
5
325
42
574
0
Bhutan
Nepal
India
Bangladesh
Pakistan
USA
2013 GDP per Capita PPP - US Dollars
60,000
50,000
40,000
30,000
20,000
10,000
0
Bhutan
Nepal
India
Bangladesh
Pakistan
USA
2013 - % of Agricultural Workers
80
70
60
50
40
30
20
10
0
Bhutan
Nepal
India
Bangladesh
Pakistan
USA
2013 the % of Growth Rate
6
5
4
3
2
1
0
Bhutan
Nepal
India
Bangladesh
Pakistan
USA
Summary
• Despite our well documented
problems, the USA still has the
“largest and most
technologically powerful
economy in the world”.
• USA has a very small % of
agricultural workers.
• The primary concern for USA is
a lack of economic growth /
stagnant wages in recent years.
BIG problem…
• Many people in South Asia are
still engaged in subsistence
agriculture.
• Subsistence agriculture is
producing only enough crops or
livestock for a family’s survival.
• Despite HIGH number of
agricultural workers, famine is
still a major issue.
Concert for Bangladesh
Did this Band really aid…?
• This 1971 concert and
album (yes I said
album) from Madison
Square Garden has
generated millions of
dollars for UNICEF.
• Has this solved the
underlying issues that
caused the problem in
the first place?
Misery
• NO, not really!
• Droughts, floods,
and famine are still
far too prevalent in
the region of South
Asia.
Green Revolution
• Write down a
definition for this
term.
• Who is the
“Father” of this
movement?
• What are the
PROS / CONS to
this movement?
Green Revolution
• Mono (single) crop production in order to
produce higher yields.
• Use of hybrid / genetically altered seeds to
produce higher yields.
• Less resting time between plantings to
produce higher yields.
• Heavy doses of H2O / pesticides /
fertilizers in order to produce higher
yields.
An inescapable truth…
Dhaka
United Nations
POPULATION
• India is growing by 18 million people EVERY year.
(source UN)
• Dhaka, Bangladesh is one of the most densely
populated cities in the entire world.
• Population growth AND Urbanization are combining to
create severe planning issues for national
governments.
• Some countries like Nepal and Bhutan are sparsely
populated due mainly to their geography.
• The governments of India & Bangladesh are aware of
their population “problem”.
FUTURE
• What do you think
the economic future
for countries in South
Asia will look like?
• Overall??
• What kind of jobs will
people in South Asia
be employed?
English & Educated
• Many Indians are
highly educated and
speak English.
• They are in direct
competition with
Americans for software
development and
Information
technology (IT) jobs.
• Will work harder (?)
and for less pay (!)
Outsourcing
Help Wanted???
• Unemployment Rates in the
USA have dropped to about 6%
• Many highly educated
Americans are deep in debt.
• IT and engineering jobs ranging
from 75 to 150 k are routinely
available on MONSTER.com
• India is producing 5X more
engineering students than the
USA.
Here is the plan…
• Students will understand the basic
structure of South Asia’s economy.
• Students will compare the economy of
South Asia to that of the United States.
• Students will predict the economic future
of South Asia.