Chapter 12-2 Fall 09 Lee

Chapter 12-2 Fall 09 Lee - 5/10/10 Chapter 12-2 The...

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5/10/10 Chapter 12-2 The North-South Gap PSC 124 International Relations Fall 2009 Presented by Jooyoun Lee
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5/10/10 The North-South gap How do we explain the enormous gap between the global North and South?
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5/10/10 Overview Theories of Accumulation Economic Accumulation Capitalism Socialism The World-System Imperialism - Historical Background History of Colonialism Postcolonial Dependency
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5/10/10 Economic accumulation Economic development is based on capital accumulation Capital Standing wealth The set of goods that are used in producing other goods Buildings, roads, factories Not consumption goods
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5/10/10 Capitalism Liberal perspective A system of private ownership of capital Stress efficiency in maximizing economic growth Rely on market forces to govern distribution of goods Not seek an equitable distribution of benefits
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5/10/10 Capitalism Capital contributes directly to the cycle of surplus production No state is purely capitalistic According to this view, the South simply lags behind
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Chapter 12-2 Fall 09 Lee - 5/10/10 Chapter 12-2 The...

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