The "Developing" Countries (Ch. 9) Flashcards
Obstacles to developement
- High Debt
- Extreme Poverty
- Health issues
- Lack of aid from other countries
- Loan system benefits northern countries
Neocolonialsim
A policy whereby a major power uses economic and political means to perpetuate or extend its influence over underdeveloped nations or areas
IMF (International Monetary Fund)
An international organization established by the UN and composed of the gov’ts of many nations that is designed to promote worldwide monetary cooperation, international rrade, and economic stability. It also helps equalize balance of payments by allowing member countries to borrow from its fund.
Common Features
- Low GDP(REAL GDP)
- High Unemployment
- Overpopulation
- Large economic gaps
- High Debt/Defaulting
- Corruption
Gap between the Rich and the poor
Much higher between developing countries than developed countries
Westernization
To convert to the customs of Western civilization
Caste system in India
****The Indian caste system describes the social stratification and social restrictions in the Indian Subcontinent, in which social classes are defined by thousands of endogamous, hereditary groups often termed as jātis or castes
Wars/Conflicts
Developing countries are much more prone to conflicts/wars because of revolution
Nigeria
Nigeria, as a developing nation in the global economic order, is visibly presenting (at present) a very obvious stunted growth economically; But not necessariy since there is a lot of corruption
Sri Lanka
Sri Lanka is certainly a developing country in terms of its economy, but it can also endorse the role of a developed country, for example when we speak about the general awareness of the population in terms of nutrition value / health condition / well-being etc
Gender Relations
In developing areas dominated by non-Western culture, however, women remain more or less subjugated, and in some countries they are stripped of any human rights
Monoculture
The cultivation of a single crop in a given area
Terms of trade
One-sided loan terms; System benefits global north
Birth Rates
Birth Rates a much higher in developing countries
Fastest growing countries
Iraq, Sierra Leone, China, Laos, Mozambique
World Hunger
According to the FAO, most of the world’s hungry are in developing countries.
Somalia
Somalia is a country that has experienced excessive amounts of political instability during the past decade. Somalia, like most other countries in Africa, was colonized by European nations during the late 1800s. In 1887, Britain became concerned with keeping the route to India open through the Suez Canal, which was opened in 1869 and as a result Britain proclaimed Somalia as a British protectorate and named it British;
Somalia is a developing country.Prior to the outbreak of the civil war in 1991, 53 state-owned small, medium and large manufacturing firms were foundering, with the ensuing conflict destroying many of the remaining industries. However, primarily as a result of substantial local investment by the Somali diaspora, many of these small-scale plants have re-opened and newer ones have been created.
Sierra Leone
Sierra Leone is an extremely poor African nation with tremendous inequality in income distribution. It does have substantial mineral, agricultural, and fishery resources. However, the economic and social infrastructure is not well developed, and serious social disorders continue to hamper economic development, following a 11-year civil war. About two-thirds of the working-age population engages in subsistence agriculture.
Zimbabwe
It’s a developing country (though it can now be termed as under-developed) with a population of 12.5 million and GDP of $350.
Developement and Peace
More developement usually leads to peace
