Structuralist Models:
economic disparities are the result of historically derived power relations w/in the global economic system; cannot be changed easily (misleading to assume all areas will go through the same process of development). This differs from Rostow (Modernization) Theory that gives one model for all countries.
economic disparities are the result of historically derived power relations w/in the global economic system; cannot be changed easily (misleading to assume all areas will go through the same process of development). This differs from Rostow (Modernization) Theory that gives one model for all countries.
Dependency Theory: (structuralist)
states that political & economic relationships b/w countries & regions control & limit the developmental possibilities of less well-off areas (e.g., imperialism caused colonies to be dependent – this helps sustain the prosperity of dominant areas & poverty of other regions); only at later stages of development does the core have a positive impact on the periphery (grants, loans, specialized economic zones,…).
states that political & economic relationships b/w countries & regions control & limit the developmental possibilities of less well-off areas (e.g., imperialism caused colonies to be dependent – this helps sustain the prosperity of dominant areas & poverty of other regions); only at later stages of development does the core have a positive impact on the periphery (grants, loans, specialized economic zones,…).
Neocolonialism:
the economic control that MDCs are sometimes believed to have over LDCs. Through organizations such as the IMF, the MDCs are able to dictate precisely what LDCs economic policies are, or are able to use their economic subsidies to put LDCs industries out of business.
the economic control that MDCs are sometimes believed to have over LDCs. Through organizations such as the IMF, the MDCs are able to dictate precisely what LDCs economic policies are, or are able to use their economic subsidies to put LDCs industries out of business.
Structural adjustment loans
loans granted by the international financial institutions such as the the World Bank and the International Monetary Fund to countries in the periphery and the semi-periphery in exchange for certain economic and governmental reforms in that country
Clearly there are some negative opinions about these loans. Look at the cartoons and try to discern the message. If some people think they are bad and we still use them, why do you think that might be?!?!?
loans granted by the international financial institutions such as the the World Bank and the International Monetary Fund to countries in the periphery and the semi-periphery in exchange for certain economic and governmental reforms in that country
Clearly there are some negative opinions about these loans. Look at the cartoons and try to discern the message. If some people think they are bad and we still use them, why do you think that might be?!?!?