Distinguishing Concepts from One Another Flashcards
Chronic Poverty
Poor people who are poor for their entire lives and pass poverty on to their kids.
Durable and Transitory Poverty
Poverty as a result of a fall in income, but household resources are enough to keep the household above the poverty line.
GDP
Gross Domestic Product. The total market value of all finished goods and services produced within a country in a set time period.
GNP
Gross National Product. GDP + the income of all of a country’s residents and businesses whether it flows back to the country or is spent abroad.
GNI
Gross National Income. GDP + the total amount of money earned by a nation’s people and businesses.
Limited Statehood
Parts of territory in a state where the central government can’t implement decisions or its monopoly.
Fragmented sovereignty
State and non-state parties trying to decide who governs what in society.
“Big D” development
A post-second world war project of intervention in the third world that emerged in the context of decolonization and the cold war.
“Little d” development
Development of capitalism as a geographically uneven and contradictory set of historical processes.
Colonialism
The active practice of political control of
peoples and territories by foreign states.
Modern Imperialism
The creation and maintenance of an unequal economic, cultural, political and territorial relationship usually between states and often based on domination and subordination
Racial Capitalism
Process that is dependent on placing value on the racial identity of others, harms the individuals affected and society as a whole; relies on slavery, violence, imperialism, and genocide.
Capitalist World System
A world economy centered on capitalism (often racial capitalism where 2+ regions are interdependent on necessities, and 2+ polities compete for domination.
Plantation Economies
Economy based on mass production of agriculture, and usually of a few commodity crops, grown on large farms worked by laborers or slaves.
Settler Economies
Political takeover tactic that involves the immigration of people to the colony and putting up permanent settlement; plantations can be set up in consequence.