International determinants colonialism colonial

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International Determinants Colonialism Colonial history of a country shapes the economic policy within that country. Economic policies in countries that were under colonial rule affect growth International Bias Terms of trade Disadvantage poor countries will always be poor because their exports will always be worth less than those from developed countries. will they always be poor though, cuz if its worth less than countries would buy more cuz its cheaper and help it grow no because their exports are valued less than the ones from developed countries and they import things at a higher rate than developed countries,so overall LDC’s lose money from exports and from imports….I think? Power differential poor countries tend to be the weakest because they lack the institutions to thrive Control of international institutions(by more developed countries) Globalization
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EOI← Export Oriented Industrialization: manufacture for export-- for foreign producers weak currency cheap loans/tax breaks to exporters Asian Tigers were able to service their debts when the debt crisis hit in the 1980s
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