Global Division Flashcards
European powers, particularly in the 16th to the 20th centuries,
established colonial territories and exploited the resources and
labor of the Global South for their own economic gain.
Colonialism and imperialism
was characterized by unequal power
dynamics, cultural subjugation, and economic dependencies.
The Global South was forced into providing cheap raw
materials and labor to the Global North, while the Global North
imposed trade restrictions and maintained monopolistic
control over technological advancements (Rodney, 1972).
The colonial system
During the colonial era, the Global North extracted vast
amounts of natural resources from the Global South, such as
minerals, agricultural products, and timber.
Exploitation of Natural Resources
The Global North often imposes trade barriers and
protectionist policies that limit market access for products
from the Global South, while simultaneously flooding Global
South markets with subsidized goods (UNCTAD, 2019)
Unequal Trade Relationships
hampers the industrial development
and diversification of economies in the Global South.
unequal trade relationships/dynamic
The Global North also retains significant control over _____________ and ___________, which further
perpetuates economic disparities. Investment flows primarily
concentrate in the Global North, as investors from developed
countries seek higher returns and lower risks. This limits
investment opportunities in the Global South, hindering
economic growth and development (UNCTAD, 2021).
Foreign Direct Investment (FDI) and Capital Flows
The Global South faces challenges in providing access to
quality education, healthcare, clean water, and sanitation,
resulting in higher levels of poverty, malnutrition, and
disease. Limited social development opportunities hinder
social mobility and perpetuate intergenerational poverty
(World Bank, 2021).
Social and Political Inequalities
This limits the ability of the Global South to shape global policies and
institutions to address their unique challenges and priorities.
Political Power Imbalances
Institutions such as the United Nations Security Council, the
World Bank, and the International Monetary Fund reflect the
power dynamics of the post-World War I! era, with a
significant concentration of influence in the hands of the
Global North (Chan, Falkner, & Goldberg, 2019).
Political Power Imbalances
It includes Australia, Canada,
Israel, Hong Kong, Macau, New
Zealand, Japan, Singapore, South
Korea, Taiwan, the United States
and all of Europe (including Russia).
Global North
They are called the More
Economically Developed
Countries (MEDCs) because of
the stability of their economy and
they have a generally better
standard of living and quality of life.
Global North
The Global South includes Asia
(with the exception of Japan, Hong
Kong, Macau, Singapore, South
Korea and Taiwan), Central
America, South America, Mexico,
Africa, and the Middle East (with
the exception of Israel).
Global South
They are known as the Less
Economically Developed
Countries (LEDCs) and are
“poorer” compared to the
countries in the Global North.
Global South
- Unstable government
- Poor economy [Low Gross Domestic Product (GDP) and low Human Development
Index (HDI)] - Contain citizens who have a poor standard of living and quality of life.
Factors why countries in the
south are considered LEDCs
wealthy/developed countries primarily located in the ______?
northern hemisphere (the North)