POLB90H3 Lecture : POLB90_Lecture 2.doc
Document Summary
: second world: bloc of former communist nations soviet union and e. europe, the third world defined, neutral meaning, revolutionary meaning, eg frances 3rd estate or roman classes. Implication: common identity, organization framework for countries of the developing world: negative meaning, poverty and backward, global south, less developed countries, emerging economies/area (business, developing countries. Invested abroad to protect the money stolen: makes everything more expensive have to bribe and pay public officials for your daily needs, eg. Ecuador law prof asks for money before giving out grades: perpetuates the cycle, external debt, deprives countries of money that could have been used for development purposes. Interest payment take up a lot of gdp: make sure loans don"t default, money flowing from south to north ironic. Blame international system, and not just the internal conditions of a country: world bank doesn"t believe in this, statism or interventionism, state led development, developing countries adopt as a development model to become more self sufficient.
