Chapter 3: Capitalism and Economic Development Flashcards
1
Q
Neoclassical economic theory
A
equlibrium between supply and demand
consumers and producers have perfect information/are rational
2
Q
Driving structures of capitalism
A
- profit oriented
- exploiting the worker
- creative destruction
3
Q
UN Sustainable Development Goals overall
A
end poverty, hunger, improve nutrition
4
Q
Physical geography theory (3 reasons)
A
lack of natural resources
tropics bad for agriculture and diseases
land locked countries no access to ports
5
Q
Colonialism (3)
A
broke apart ethnic groups
land locked countries
weird river image
6
Q
Dependency theory
A
development produces underdevelopment
periphery dependent on core
7
Q
El Cajon Dam Honduras
A
Chicago firm built it (no local knowledge)
displaced a lot of people
put country into so much debt
didn’t provide electricity for rural areas
