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Unformatted text preview: start Dependency theory (1960’s – 1970’s) – Rich countries extract resources from poor country (colonized periphery). Periphery buys all manufactured goods from the core. Periphery can’t “catch up” because they are dependent on the colonizer …. Deliberately and chronically underdeveloped Neoliberalism (1980’s – 1990’s) – “itls the economy, stupid” Government is the problem, FREE trade is the answer, Every country has a comparative advantage, everyone does better if there are no obstacles to trade, the government should get out of the way Sustainable development (21 st century)...
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This note was uploaded on 05/06/2008 for the course GEOG 5 taught by Professor Montello during the Spring '07 term at UCSB.
- Spring '07