Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
14 Cards in this Set
- Front
- Back
|
The process whereby Western nations established their rule in parts of the world away from their home territories
|
COLONIALISM
|
|
|
According to the WORLD SYSTEMS THEORY, the most advanced industrial countries, which take the lion's share of profits in the world economic system
|
CORE COUNTRIES
|
|
|
MARXIST theories of economic development arguing that the poverty of low-income countries stems directly from their exploitation by wealthy countries and the multinational companies
|
DEPENDENCY THEORY
|
|
|
The theory that poor countries can still develop economically, but only in was shaped by their reliance on the wealthier countries
|
DEPENDANT DEVELOPMENT
|
|
|
Worldwide networks of labor and production processes yeilding a finished product
|
GLOBAL COMMODITY CHAINS
|
|
|
The systematic differences in wealth and power between countries
|
GLOBAL INEQUALITY
|
|
|
Theories about economic development that assume that the best possible economic consequences will result if individuals are free to make their own economic decisions, uninhibited by governmental constraint
|
MARKET-ORIENTED THEORIES
|
|
|
A version of market-oriented development theory that argues that low-income societies develop economically only if they give up their traditional ways and adopt modern technologies, and culture values that emphasize savings and productive investment
|
MODERNIZATION THEORY
|
|
|
The economic belief that free market forces, achieved by minimizing government restrictions on business, provide the only route to economic growth
|
NEOLIBERALISM
|
|
|
Developing countries that over the past two or three decades have begun to develop a strong industrial base, such as Hong Kong & Singapore
|
NEWLY INDUSTRIALIZING EXONOMIES (NIEs)
|
|
|
Countries that have a marginal role in the world economy and are thus dependent on the core producing societies for their trading relationships
|
PERIPHERY
|
|
|
Countries that supply sources of labor and raw materials to the core industrialized countries and the world economy but are not themselves fully industrialized societies
|
SEMI-PERIPHERY
|
|
|
Developed theories that argue that appropriate government policies do not interfere with economic development, but rather can play a key role in bringing it out
|
STATE-CENTERED THEORIES
|
|
|
Pioneered by IMANUELLE WALLERSTEIN, this theory emphasizes the interconnections among countries based on the expansion of a capitalist world economy. This economy is made up of Core Countries, Semi-periphery, and Periphery
|
WORLD SYSTEMS THEORY
|
