Final (non study guide) Flashcards
(15 cards)
Dependency theory
Neo Colonialism
Independent states exist now, but economic colonialism still exists.
(can influence politics)
Underdevelopment
Core countries want to keep peripheral countries underdeveloped (industrial manufacturing).
(what about singapore tho?)
Comprador Class
Gov of core countries supports gov and elites of periphery
to keep structure.
World Systems Theory
Invented my Wallerstein, proposed the idea of countries on this spectrum:
Core - Semi Periphery - Periphery
Banana Republics (United Fruit Company)
American companies in early 20th century bought land in many south American parts and routinely determine who governs.
This happened in many parts south of America
The Banana Strike
Columbian workers in 1928 went on strike asking for worker rights and workplace changes
UFC and US government pressured against this strike
GDP
Gross domestic product
Sum annual total if all good and services produced in a state.
Mass collectivisation
Private property outlawed, economy stare-run, one party system, manufacturing and agriculture
PRC
Mao Zedong established as chairman of communist party
Mass collectivisation
FDI
Foreign Direct investment
Foreign country comes in and invests money particularly in infrastructure in your country.
Foreign country creates jobs for «free»
China opened special zones for FDI
Special economic zones
Little experiment zones for capitalism. (No tariffs/ Free trade friendly)
Outcompeting other countries with:
Wages down (not capitalist)
-Limit benefits
-Competition within industries
-Higher disparity b/n workers + managers
-All foreign firms needed to partner with Chinese firms.
Going out strategy
Once their corporations were big enough, corporations went out to in eat especially in resource extraction
Resulted in some of the worlds biggest companies being Chinese
