POLB90H3 Study Guide - Midterm Guide: Core Countries, Millennium Development Goals, Good Governance
Document Summary
Relief: it is used directly to feed the hungry or to supply the basic needs of the poorest. Private sector: provides loans and investments (equity capital) to the third world. Equity: foreign investors buy an asset in the third world -> foreign investors own a piece of the third world economy -> multinational corporations . The existence of underdeveloped states is seen as a problem that needs to be solved. Development as significant and measurable economic growth and the emergence of modern social, economic and political institutions (e. g. world bank). This view focuses on the economic and is often associated with industrialization and westernization. Achieve a positive transformation of power relations among the various development actors. Blurs the distinction between human rights and development. The vision here is that people and communities should be empowered to develop themselves. If so, then it follows that they will do so in distinctively different ways.
