GGR111H5 Lecture Notes - Lecture 2: Bretton Woods Conference, Core Countries, Structural Adjustment
Document Summary
Mocking the idea that africa is not independent. Hot can help the cold (norway cold/africa hot) Africa is not a country it"s a continent. To make a distinction between developed and developing places. Any country can achieve it by following the ladder. Says any country can climb the ladder and become developed. Implies that people are just behind (time reference) Based on a western model (western modernization rather than helping developing countries) Pull in raw materials from other less developed countries to be processed. Core is dependent on semi-periphery and periphery. Gini coefficient (distribution of wealth) between 0-1 (0 is the lowest, 1 is the highest) The world bank and imf (international monetary fund) Founded in 1944 at the bretton woods conference. Reduce taxes on highest earners in country. Forcing these countries to participate in certain economical relationships. Gov services (education, health care, sanitation, day care, infrastructure) School is subsidized if privatized only people with money can attend.
