unequal power relations caused by interdependence Flashcards
why is the fact that LICs lack money and technology to have influence over geopolitical events problematic?
they rely on the decisions made by richer countries, and only have the power to respond to the events rather than directly intervene
what are some examples of how unequal power relations affect global systems?
all countries are interdependent with the climate but HICs emit more co2
LICs are more effected are more frequently affected by climate change induced disasters and have less defence
richer countries control trade agreements. they have the upper hand and can pressure LICs
what was the banana wars?
6 year disagreements caused by the EU
granted special access to EU markets for caribbean banana farmers
the TNCs that controlled latin american crops filled a complaint against the EU
because they created this agreement unfairly
eventually EU reduced latin american tariffs on bananas
this has negatively affected the Caribbean crops as they struggle to compete with competitive prices from the TNC plantations
why can the e IMF and the World Bank be seen as reinforcing the unequal power relations between countries?
loan conditionality
eg deregulation and privatisation without regards to the economies receiving
the loan, and can have negative effects such as less investments into education and
healthcare sectors
what are the negative effects of the IMF and world bank giving out loans to LICs without taking into regards the state of their economies?
less investment into education and healthcare
why has the WTO been criticised for widening the gap between LIC and HIC?
the WTO can be seen as biased towards richer countries
what are examples of the WTO being unfair/biased?
high import duties and quotas in rich countries, which reduces imports from developing countries can be unfair
The protection of HIC agriculture, but the pressure for LICs to open their markets
up to international produce
Developing countries are not represented as much in the WTO
