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7 Cards in this Set
- Front
- Back
Colonialism
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The political conquest of a society by another followed bysocial domination and forced political change
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Neocolonialism
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New nation-states continue to be economically dependent on and controlled by former colonial powers
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Modernization theory
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New independent nation-states should follow example of developed countries to create Prosperous economies based on industrial production capitalism, No short cuts to prosperity
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Dependency theory
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Poverty of former colonies is attributable to the colonial capitalist system. Rich countries became rich because they exploited poorer countries.
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Neoliberalism:
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Each country responsible for finding its niche in the global capitalist market Govs. subsidize economic activities and cut social programs for poor to do so.
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World Systems Theory (Immanuel Wallerstein)
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Expanded Marxist critique of colonial capitalism claiming that capitalism itself was a “world system”
World is united under a single economic system. Core=high profit consumption goods to periphery/semi Semiperiphery=constantly changing economic system(colonies) Periphery=produce cheap labor/raw materials |
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Commodity chains:
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All the way from the raw material, every thing that happens to it in-between and then the finished product.
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