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8 Cards in this Set
- Front
- Back
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Global inequality?
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Systematic differences in wealth and power between countries.
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Market-oriented theories?
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Theories about economic development that assume that the best possible economic consequences will result if people make their own economic decisions.
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Modernization theory?
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Low-income societies develop economically if they give up traditional ways and adopt modern economic institutions, etc.
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Neoliberalism?
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Economic belief that market forces provide the only route to economic growth.
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Dependency theories?
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Marxist theories that poverty of low-income countries comes directly from their exploitation by wealthy countries.
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World-systems theory?
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Theory (Immanuel Wallerstein) that emphasizes the interconnections among countries based on expansion of capitalist world economy.
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Global commodity chain?
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Worldwide network of labor and production processes yielding a finished product.
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State-centered theories?
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Development theories arguing that government policies do not interfere with economic development, but can play key role in brining it about.
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