Theory and Practice

Theory and Practice - 1. Small stratum of...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
23/01/2008 16:01:00 Theory and Practice: What can we learn from the Past?     Inequality and North-South Relations     Outline     : - North-South : A global family portrait - The development trap - Why is the South relatively poor? - Inequality and world politics Global Inequality: North-South      Stark material differences b/w N. and S. 1. Poverty and global inequality are “modern” problems 2.  Global variation in material wealth countries categorized by average income per capita o High income: USA, Japan o Upper Middle: Argentina o Lowed Middle: Russia, Iraq o Lower income: Mali The Development Trap     Many countries in the global south fall into this development trap 4 qualities all share 1 assumption: growth of national incomes on a per capita  basis are the primary goal
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1. Small stratum of producers/consumers producers/consumers get stuck at a low level due to low economic activity 2. Low productivity = low surplus 3. Insufficient financial capital domestic capital is especially scarce 4. Low human capital low # of service-providers and workers What explains the inequality b/w the Global North and South? Modernization Theory Productive financial investment is the key to growth Economic, social, and demographic changes occur together Development is a linear, staged process 23/01/2008 16:01:00 23/01/2008 16:01:00...
View Full Document

Page1 / 4

Theory and Practice - 1. Small stratum of...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online