8.2 Development

Type of theory that suggests there are differences in the global economy that make it very unlikely everyone will become fully developed. Basically haves and have not’s are inevitable in the global economy

• Liberal
• Structuralist
• Primary
• Rostow's

Suggests there is economic dominance of the core over their formerly colonized states.

• Liberal
• Rostow's Modernization Model
• World Systems Analysis
• neocolonialism

Model believes there are 5 stages of development that everyone can and will progress through over time.

• Structuralist
• World Systems Theory
• Dependency Theory
• Modernization Model

 LDC's that have less education, income, and technology so that they get bullied by MDC's since we are all connected in the global economy.

• Core
• Periphery
• Semi-periphery
• Liberal Model

Taking people and forcing them to work in jobs they don't want - usually prostitution or indentured servants.

• Trafficking
• Globalization
• Global division of labor
• World systems theory

Countries must agree to make specific changes to receive these loans. The money is used for something pre-determined, and must be paid back with interest

• Structural Adjustment Loans
• Liberal adjustment loans
• World system loans
• Dependen

These countries get bullied by more powerful ones but bully less powerful countries. They act as a buffer and exhibits aspects of MDC’s and LDC’s

• Periphery
• Semi-Periphery
• Core
• Semi-Core

Advocates that countries who wish to improve their economy should privatize industries, encourage foreign investment and move towards free trade like the Chinese in the 1980's

• Liberal
• Structuralist
• Neo-Liberal  counterrevolution
• Neo Structuralist Counter Revolution

This group gives loans to countries that need money for development projects. These loans however often have strings attached to taking the money like public goods must be privatized

• World Trade Organization
• World Systems Theory
• International Monetary Fund
• Peripheral Core Loans

Mission for this organization is to lower trade barriers and establish ground rules for international trade.

• World Trade Organization
• International Monetary Fund
• Trafficking
• Neocolonial Barrier Trade