POLSCI 1G06 Study Guide - Newly Industrialized Country, Dependency Theory, Natural Disaster
24 Mar 2014
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Document Summary
The modern global economy is characterized by both great wealth and great poverty. Certain states have high per capita incomes, developed infrastructures, and the international influence that comes along with this. Other states suffer through extreme destitution, economic vulnerability, and a seeming inability to benefit from the global economic system. Division of power and wealth between states is the global north (world"s wealthy, industrialized countries in the northern hemisphere) & global south (less developed countries located in the southern hemisphere). States in the less developed global south find themselves downgraded and identities has been shaped by the secondary position in global hierarchy. Analysts believe that global inequalities have to do with a much longer historical pattern. Global south and colonialism (rule of a region by an external sovereign power). Almost all now independent states in southern hemisphere were colonies at one time dominated by powerful states.
