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Final Exam Review - North-South Poverty and Polarization...

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North-South: Poverty and Polarization - South and the state of the South: * 1 billion live in abject poverty * $1-$2 a day income * Lack basic nutrition/health care * Mostly in Africa * Every 6 seconds a child dies of malnutrition (5 million/ year) - Poverty (nicknames of poor countries): * Third world countries * Less Developed countries * Underdeveloped countries * Developing countries * Poverty is too stubborn in South * Millennium Development Goals (2000) - Cut in ½ proportion of population living in “extreme” poverty - Why Poor? Causes of Poverty * Colonialism - Foreigners overrun territory with force - Install own governments - Force natives to speak language of colonizers, adopt cultural practices, educated at their schools - Extracted minerals, eroded farmland, education directed towards whites * Geography * Culture * Dependency Development - Situation where capital accumulation cannot sustain itself internally -> must borrow capital to produce goods -> debt payments reduce accumulation of surplus - Why do we care?
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