Institutions and organisations which play a part in development.
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Define TNC'S
These are business enterprises which sell and produce globally- thereofre creating a global supply chain.
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Give an example of a TNC
McDonalds
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Define MNC
Corporation which is involved in some global aspects, but is clearly based in one nation
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Define NGO
Organisations seperate of the state, funded privately and are involved in humanitarian activities
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Define IGO
Organisations which are established by states.
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Give some examples
IMF, WORLD BANK, WTO
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Define development state
A state which its main focus is on development
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What do neo-liberals say about state's?
That they should be smaller, tnc's should have a growing role and states should have a fading role, tw states are corrupt and too involved in the market
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What do they say that state's should do?
Set up a stable situation to allow the establishment of a free market
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When countries cant do this what's it referred to as?
Failed States- somalia
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What do Marxists and dependency theorists state about capitalism?
They do not favour it because often states are controlled by the ruling class/bourgeoisie
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What is the effect on the majority?
They are ignored and their interests aren't taken into account.
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Who does capitalism benefit?
Small local elites
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What do they believe should happen in terms of development?
That the state should lead development- providing it represents the people.
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How many factors affect development?
3
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What is the first factor?
That the state itself can lead development- by setting development as a goal it actively pursues
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What are examples of this?
Newly independent countries- tried this in the 50/60's
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What is the second factor?
State's limits its role when guiding and facilitating capitalism- by maintaing order, providing infrastructure and establishing a free market.
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What is the third factor?
The state can be an obstacle to development- through corruption and spending aid on their rich lifestyles rather than on those who need it.
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Other cards in this set
Card 2
Front
Define TNC'S
Back
These are business enterprises which sell and produce globally- thereofre creating a global supply chain.
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