R SOC365 Lecture Notes - Lecture 4: Eastern Bloc, Marshall Plan, Human Capital
Document Summary
!1: laws of development - same for all regions (because you are not looking at the history of each region), what happened in europe in the 18th century must be reproduced elsewhere. Terminology: third world: political term, it began to be used to convey a division of the world as per economic distinctions. Critiques: third world: a focus on places rather than people: the term glosses over huge intra-national and international income inequalities, anachronistic and redundant, with the collapse of ussr and the eastern bloc. !2: distinction between industrialized nations of the rich, developed north and a poor developing dependent south, glosses over pockets of poverty in the north and wealth in the poor southern nations. Why economic fortunes of countries have diverged: proximate causes of poverty - lack of markets, poor education standards, non-existent technology, why do these countries lack markets, education or technology - fundamental causes of poverty.
