Economic Growth and Development

Fiji 91
Finland 145
Fiscal policy 50, 52, 66, 73, 218, 226,
253, 283
Foreign aid 4, 72, 247, 249, 274, 286
Foreign direct investment (FDI) 7, 22,
48, 68, 75–8, 113–17, 120–1,
133–4, 145–6, 193, 197–8, 223,
268, 271, 281, 285, 289, 295, 299
France 12, 18, 19, 20, 23, 25, 44, 60,
155, 160, 163, 176, 184, 186, 191,
195–6, 202, 218, 222, 236, 241–2,
250, 256, 262, 272, 280, 285, 293,
296, 301
French Sudan (now Mali) 186

Gabon 4, 41, 47
Gas 13, 240
General Agreement on Trade and Tariffs
(GATT) 220, 247, 272
Gender 28, 30–1, 34, 93, 95, 101, 118,
130
Gender Development Index (GDI)
30–1
Gender Empowerment Measure (GEM)
30–1
Germany 4, 39, 44–5, 57, 60, 102,
148, 155, 168, 173–6, 194–5, 217,
222, 241, 242, 250, 256–7, 270,
272, 280, 285
Ghana 10, 24, 34, 43, 46–7, 90,
118–19, 130, 132, 169–70, 173,
180–1, 184, 186, 201, 203, 217,
259, 260–1, 294–8, 301
Gini Coefficient 49
Global financial crisis (2008–) 1–2,
12,46, 70, 72, 210
Global warming 13
Governance 190–1, 233, 240, 247,
261, 291
Government 5, 7, 9–10, 21, 26, 28, 32,
40, 43, 48, 50–1, 62–3, 65, 69,
71–3, 75–8, 80, 91–2, 97, 101,
103–4, 107, 113–14, 116–17, 120,
125–6, 128–9, 135–6, 139, 141–2,
144, 149, 153–4, 164–6, 168,
172–4, 177, 179, 181–2, 185–7,
189, 191–4, 198–9, 201, 204, 207,
209, 214–17, 219–220, 223–4, 226,

228–9, 240–1, 246–7, 257–8, 261,

263–5, 268, 275–6, 282–3, 285,

291–2, 294–9, 301

budget 2, 48, 50, 71, 248, 282, 292

consumption 8, 50–1, 68

defence 50

education 124, 128, 130

health 140

investment 8, 41, 51, 64, 72, 73,

78

schools 128, 130–1

spending 7–8, 24, 52, 108, 121,

127, 141, 211–2, 295–7

subsidies 37, 217, 295

tax revenue 8, 41, 48, 52, 65, 171,

240, 269, 270, 275, 281–3

Great Depression (1930s) 43, 46,

71–2, 174, 271–2, 284

Great Divergence 3–4, 7–8, 10–11

Greece 1–2, 84, 133, 161, 165, 212,

242, 244, 250

Greenhouse effect 13, 27

Green Revolution 79, 100, 107

Gross Domestic Product (GDP) 2, 4,

6, 11, 13, 15–7, 21–7, 29, 31,

40–54, 56–8, 60, 62–70, 73, 81, 83,

89, 91–3, 97, 99, 106, 108, 120–4,

126, 133, 136, 141, 147, 148,

150–1, 155–6, 166, 168–70, 172–7,

180–1, 185, 187–8, 190, 194, 199,

201, 204, 206, 212, 216, 228,

232–4, 239–40, 244, 248, 251, 258,

261, 267, 269–71, 273–4, 276–8,

280, 282, 292–3, 301

Gross National Product (GNP) 17, 21,

23, 41, 153, 274

Growth accounting 49, 55, 57, 60, 65

Growth regression 7–8, 49–50, 52–3,

60, 65, 127, 133, 211

Guatemala 204

Guinea-Bissau 279

Haiti 203–4

Happiness 26, 28, 38, 42, 166

Height 18, 34, 35, 72, 119, 132, 150,

184, 203, 270, 280, 289

Health insurance 134–5, 142–3

High technology 84, 104, 106–8, 115,

178, 285

332 Index