GEOG101 Chapter Notes - Chapter 18: Jeffrey Sachs, International Monetary Fund, Neocolonialism

• School: University of Waterloo
• Department: Geography and Environmental Management
• Course: GEOG101
• Professor: Brent Doberstein

Document Summary

18a meanings of development and development dispariies today. World development: raising the living standards of the world"s poorest countries and reducing dispariies between countries in the world: living standards. Third world countries, less developed countries: terms used to describe poor countries. Always with the implicaion that these countries aspire to a level of development that the rich countries labeled irst world, developed countries or more developed countries have already atained. Development occurs everywhere, in countries rich and poor, it is a process with several related aspects poliical, social, human, and economic. Economic development: karl marx outlined stages of economic development that various socieies go through. Others viewed development as part of the colonial enterprise of clearing forests, extracing resources, and otherwise harnessing nature"s bounty for human goals. During the 20th century development came to be associated with increasing the welfare of poorer countries.