SOSC 1430 Lecture Notes - Lecture 1: Modernization Theory, Dependency Theory, Core Countries
25 Nov 2014
School
Department
Course
Professor
Document Summary
Tw response to modernization theory (1960s-1970s: don"t blame us we blame you! Causes= structures of economic dependency (that have been built in the relations between the global south and global north over time) 1970-73 chilean road to socialism ( gov"t started to address concerns of dependency: ecla economic commission on latin america. Third world development were blocked by structures of dependency. Dependency: a situation in which the economy of certain countries is conditioned by the development & expansion of another country to which the former is subjected. (subjected- power struggle) Prebisch- declining terms of trade: center industrialized countries ( referring to the center of the economy, periphery underdeveloped countries. That the economies of those societies that were colonized were reshaped to satisfy external needs. Economic specialization: monocrop production (economies that rely on one crop to make a living, enclave economies. Development of the core countries required underdevelopment of periphery countries. World capitalism: exploitative two class system (metropole- satellite)
