GPHY 254 Lecture Notes - Metropolitan Economy, Bauxite, Structural Adjustment
Document Summary
People are finding difficult of owning their own lands, to earn enough to buy stuff. Dependency theory- global south, your position is literally being formed. Economy theory- max, there is a relationship between development and dependency. Finding that what u earn is not enough to import. Exporting a value added products, their positions will change. Boxat- they don"t have the capital to produce that, exporting lower value goods. Colonial system- terms are all in us value. This type of interactions, no value added exporting. New world groups there should be a change in caribbean"s system. The group try to set caribbean meet the un. Nieo- to be internationalized, they were hopping to make opec, have more control. Eric williams- trinidad, he tries to develop new 1980s, they were hopping to take the revenue from the oil industry. The revenue is still gonna go back to multinationals, but better. The things produced locally are different from imported things.
