Chapter 9 Flashcards
Chattel slavery
One person owns another
Child slavery
A more common form of bondage
Debt bondage
Employers hold workers to pay debts
Colonialism
Process by which some nations enrich themselves through political and economic control of other nations
Neocolonialism
“New” form of global power relationships that involves not direct political control but economic exploitation by multinational corporations
Las Colonias
America’s third world. 500,000 people with no sewer lines or running water, mainly latino, more than half are US citizens
Modernization theory
Model of economic and social development that explains global inequality in terms of technological and cultural differences between nations
Dependency theory
Economic positions of rich and poor nations of the world are linked and cannot be understood apart from each other; Some nations became rich only because others became poor