Global Divides Flashcards
(18 cards)
Global South
- economy was based on cotton production
- weak and vulnerable
- Africa, Latin Amerca, Asia
- poor and less developed regions
- 5% of the population has enough food and shelter
- serves as source of raw materials for the north
King Cotton
Period of cotton growing
Global North
- economy is based on industries, major businessws ,commerce and finance
- many manufacturing factories
- biggest business was in railroad construction
- North America, western europe, australia, japan
- known as first world
- richer and developed countries
- 95% has enough food and shelter
-home of 5 permanent members of united nations security council
North-South Gap
Describe the economic gap between the rich northern countries and south poorer countries
During Cold war
Primary global division was between the east and west
Predicated upon security and power balance
After Cold War
Many see primary global division as being between north and south
Preducated upon economic inequality
Issues of north-south divide
Distribution of income around the world
Economic competion worldwide
Standard of living
Standard of living
Factors lead to low standard of living:
- Lacks of trade and aid
- single crop farming
- abundance of debt
- neo-colonialism
Distribution of income around the world
Liberalization of market occurs, most south countries lost to the competion from the north
Encourage migration of people from south to north for having a more good income
Economic competion worldwide
Factors to determine the competitiveness of economy:
- appropriate infrasturcture
- stable macro economic framework
- well functioning public and private institutions
Reasons for development gap
- Environmental- natural features
- Historical- things which have happen in years before
- Socio-Economic- society, culture and money
Differences between north and south
North
-less population
- high wealth
- high standard of living
- high industrial development
- industry
South
- large population
- low wealth
-low standard of living
- low industrial development
- agriculture
Classifying countries:
- Most-developed countries MDCs
- richest of the industrialized and democratic nations - Less developed countries LDCs
- little industrial developmeny, little wealth, and hihg population growth - Least developed countries LLDCs
- very low capita per income,low literacy rates, and very little way of manufacturing industries
Comparison between north and south
Political , Economy, Social
North
Political- External threath
Economy- Manufacturing
Social- determined by life inthe cities
South
Political- internal affairs
Economy- Agriculture
Social- determined by the upper class
3 reasons why worls is unequal
- Colonialism- control by one power over a dependant area or people
- Trade- what you are spending to bring voods in your country
- Debt- their product were loosing money in the global economy so they needed to increase production
Divisionof north and south
Socio-economic and political division that exists between wealthy developed countries (north) and poorer developed countries (south)
Three world model
Capitalis
Comunist
Developing
Five world model
First world order - highest
Second world order- moderate
Third world order- on the way
Fourth world order- lower
Fifth world order- lowest
