11-26 notes - Notes 11-26 I) For 11-28 Ch 5 up to p138...

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Notes 11-26 For 11-28 Ch 5 up to p138 I) Gerneral (Lee) a. Term i. Language important ii. Real life iii. Theory Practical b. Divisions i. 1. North / South ii. 1 st World – Western industrialized democracies 1. 2 nd World – USSR & Eastern Bloc, communist; planned economy 2. 3 rd World – Everyone Else, poverty; agrarian, increasing population c. Diverse i. Levels of wealth 1. GNP per capita (Gross National Product) 2. evens it out by population 3. Tanzania under $200 4. Miramar $500 - $1,000 5. Qutar $10,00 6. US $29,000 ii. Religion 1. Muslim, Hindu, Buddhists, Catholics, Christians, Tribal 2. 3 American Presidents Unitarians iii. Type of government 1. Democracies, monarchies, dictatorships, theocracies d. 5 Commonalities i. Economic Dualism 1. relative wealth 2. urban – city 3. impoverished rural 4. poor – country ii. Adverse terms of trade 1. trade deficit 2. Import > Export 3. profit = Debt 4. primary goods iii. Massive debt 1. principle: original loan 100
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11-26 notes - Notes 11-26 I) For 11-28 Ch 5 up to p138...

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