The Global Divides: The North and the South Flashcards
metaphor for interstate inequality and a product of Western imagination.
Global South
it is the home of all members of the Group of Eight.
Global North
the antecedent of Global South
Third World
it is the free-market economy or free enterprise economy, economic system, dominant in the Western world. (ADAM SMITH)
Western Capitalism
is a metaphor for interstate inequality and a product of Western imagination (Claudio, 2014). Historically, there had been divisions and labeling among the different nations of the world.
Global South
Countries that were colonized by the Spaniards in the southern part of the American continent are collectively called
Latin America
By virtue of the _______________ in 1494, the newly discovered lands outside Europe were divided into two – the West belonging to the Crown of Castille (now part of Spain) and the East belonging to the Portuguese Empire.
Treaty of Tordesillas
is the antecedent of Global South
Third World
less developed
Peripheries
These are countries or regions that fall in between the core and the periphery
Semi-periphery
Dominates the world economy, often exporting high-tech goods and service
Core