L4 - Speaking Frankly (Frank's Theory) Flashcards
What is ‘Neo-libralism’?
‘Neo-libralism’ is a free market influenced by the enforcement of Capitalism within a country. This allows individuals such as farmers to produce as much as they would like as well as allowing them to keep all profits.
Who is the world’s 5th largest banana producer?
Ecuador
True or False? Bananas are grown on public plantations by companies owned by the government.
False. Bananas are grown on private plantations by private companies, an example being Del Monte.
Who is the world’s largest banana market?
The EU
What is the name of the model used to display Andre Gunder Frank’s theory?
Frank’s Core-Periphery model
The ‘periphery’ encompasses which types of countries?
Developing countries e.g. Argentina
The ‘semi-periphery’ encompasses which types of countries?
Emerging countries e.g. China
The ‘core’ encompasses which types of countries?
Developed countries e.g. The USA
Fill in the gaps.
Resources from the _________ and ____-_________ flow to the ____.
Answer
Resources from the periphery and the semi-periphery flow to the core.
Who produces the goods?
Why is this?
The core produces goods.
This is because they receive resources from the semi-periphery and the periphery which are used to produce the goods. The core (developed countries) have the correct machinery and technological advantages over the other countries.
Who does trade and investment help the most?
Emerging and developing countries. It allows exports to outweigh imports, resulting in an overall increase of trade and development
What type of exportation is usually associated with poor countries?
Cash crops, such as Bananas or commodities
What plays the biggest role in Frank’s theory?
The idea of Capitalism, as developed countries almost feed off of the developing, preventing them from becoming completely developed
What importation is the most valued to developed countries?
Commodities, such as oil (raw materials)
What is ‘Fair Trade’?
An agreement within a trade ensuring that prices are equal and fair. This affects farmers as they are ensured that they will receive a fair cut from a trade.
