GGRA02H3 Chapter Notes -Economic Surplus, Hacienda, Mercantilism

73 views3 pages
29 Oct 2014
School
Department
Course
Professor
Frank-Development of Underdevelopment
-Most historians study only the developed metropolitan countries and don’t are about the
colonial and underdeveloped lands.
-We think that the underdeveloped countries are the example of early stages of developed
countries.
-Economic development occurs in a succession of capitalist stages.
-The contemporary underdevelopment of a country can be understood as the product or
reflection solely for its own economic, political, social and cultural characteristics or
structure.
-Difference of income/culture have led to a dual society and the economy in an
underdeveloped country.
-Only one part of the economy/society has been affected by intimate economic relations
with the outside capitalist world.
II
-Latin America originated in the colonial period that still serves to incorporate the
indigenous population into the economy.
-The regional city was an instrument of conquest and is still today an instrument of
domination.
-In the metropolis-satellite structure, satellites serve as an instrument or suck capital or
economic surplus.
-Each national and local metropolis serves to impose and maintain the monopolistic
structure.
-The interest of metropolis is to take advantage of this global, national, and local structure
to promote their own development and the enrichment of their ruling classes.
III
-The present underdevelopment of Latin America is the result of its centuries-long
participation process of world capitalist development.
-Conquest incorporated Chile fully into the expansion and development of the world
mercantile and later industrial capitalist system, but it also introduced the monopolistic
metropolis-satellite structure and development of capitalism into the Chilean domestic
economy and society.
Unlock document

This preview shows page 1 of the document.
Unlock all 3 pages and 3 million more documents.

Already have an account? Log in

Document Summary

Most historians study only the developed metropolitan countries and don"t are about the colonial and underdeveloped lands. We think that the underdeveloped countries are the example of early stages of developed countries. Economic development occurs in a succession of capitalist stages. The contemporary underdevelopment of a country can be understood as the product or reflection solely for its own economic, political, social and cultural characteristics or structure. Difference of income/culture have led to a dual society and the economy in an underdeveloped country. Only one part of the economy/society has been affected by intimate economic relations with the outside capitalist world. Latin america originated in the colonial period that still serves to incorporate the indigenous population into the economy. The regional city was an instrument of conquest and is still today an instrument of domination. In the metropolis-satellite structure, satellites serve as an instrument or suck capital or economic surplus.

Get access

Grade+
$10 USD/m
Billed $120 USD annually
Homework Help
Class Notes
Textbook Notes
40 Verified Answers
Study Guides
Booster Classes
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Class Notes
Textbook Notes
30 Verified Answers
Study Guides
Booster Classes