CPO 2001 Lecture Notes - Lecture 18: Structural Adjustment

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Less developed (ldc) and newly industrializing (nic) countries chapter 10. Previous terms (no internal group differentiation: third world . Cold war era division between first (the democracies), second (the. Communist states), and third worlds: developing countries . Used as a distinction between already-developed and still-developing. Contemporary terminology (differentiates: newly industrializing countries. States that have made progress toward becoming advanced industrial countries: less developed countries. States that have no made progress in development. Imperialism: a system in which a state extends its political power over territory outside its borders (builds an empire, propagated by european power, economic and other motives. Colonialism: a system in which an imperial state has a very high level of control over many aspects of territory outside its borders, including politics, commerce, and society. Dynamics between core and periphery: european core was more technologically advanced, european states needed political control over peripheral areas to ensure access to markets (goal)

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