POLSCI 1G06 Lecture Notes - Lecture 24: New International Economic Order, Neocolonialism, International Monetary Fund
9 Sep 2016
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Political science 1g06 2015 lecture 9a development and. The world"s richest and poorest states are divided by a significant and growing gap in per capita income. Close to 900 million people live on less than . 90/day. Official development assistance from oecd states: 0. 51% gni. 1960; 0. 29% 2014: pearson commission 1969 recommends 0. 7% Poor states that have not be served by the global markets (post wwii) Poor states have underdeveloped infrastructures, political, social, educational. Different types of ldcs have been more/less successful at developing economically. Some have stagnated or even declined economically (parts of sub- Newly industrialized economies (south korea, taiwan, china) To understand the issue, we must look at history, theory and, policy. From colonialism to political independence (european states using military forces to take over and control other communities) However, while formal colonialism might have ended, the new states were not facing the developed states as economic equals.
