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12 Cards in this Set
- Front
- Back
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Absolute Poverty
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a lack of resources that is life threatening |
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Relative Poverty
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The lack of resources of some people in relation to those who have more
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Explanations of Global Poverty
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1.Technology 2. Population growth 3. Cultural patterns 4. Social Stratification 5. Gender inequality 6. Global power relationships |
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Development
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The process of increasing the economic productivity and standard of living in a society
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Modernization Society
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Development occurs as countries move from traditional(rural,agricultural) societies to modern urban, industrial societies Poor countries should follow the same path that wealthy nations followed, (modernize, urbanize, industrialize) Overall, developing countries need to increase their participation in industrialization and global capitalism as it will lead to greater wealth |
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Rostow's Stages
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1. Traditional Stage 2. Take-off Stage 3. Drive to technological maturity 4. High Mass Consumption |
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Role of Rich Nations
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1. Controlling Population 2. Increasing food production 3. Introducing industrial technology 4. Providing Foreign Aid |
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Dependency Theory
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- increasing participation in industrialization and the global economy does not work for most countries -the world is one global economic system in which rich nations have an advantage over poor nations -the wealth and "over development of rich nations is largely a consequence of the long term economic exploitations of poor nations, natural resources, and cheap labor (by colonization, neocolonism, multination corporations and military intervention) -Overall in the global economay the road to prosperity is to exploit the less advantaged nations, Rich nations have done this. Global Inequalities will continue to grow even wider under global capitalism |
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World Economy
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1. Narrow, expert-oriented economies 2. Lack of industrial capacity 3. Foreign debt |
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Core
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Rich nations are the core of the world economy |
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Periphery
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low-income countries |
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Multinational Corporations
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-large businesses that operate outside the boundaries of one nation - seek to minimize costs(labor,etc)by operating globally |
