created in 1960's to explain that a countery passes from an underdeveloped to a developed countery in stages. this is based on social and economic factors. rostow belived that capital should be passed from developed to developing countries.
1 of 7
the poverty cycle
focuses on the underdevelopment of countries, and how social and economic deprivarion causes inequality between countries.
2 of 7
politics
the impact of philosophies/ideologies on equality in a countrey. for e.g karl marx- against capitalist society
3 of 7
dependency
suggets that developing countries are dependent on developed. The developing are usually exploited. e.g; colonialism
4 of 7
core-periphary
Myrdals model shows how periphary send raw material/savings/workers to developed coutreies(backwash effect), this widens the development gap
5 of 7
globalisation
economic globalisation has flourished due to tourism,migration,information and tech. countries who are becoming more connected benift economically.
6 of 7
debt
many poor countries accept loans from richer countries. loans need to be paid off, as well as intrest (extra money charged when taking out loan). For e.g- poor countrey is forced to pay trade loan in order to buy product/services from developed.
7 of 7
Other cards in this set
Card 2
Front
focuses on the underdevelopment of countries, and how social and economic deprivarion causes inequality between countries.
Back
the poverty cycle
Card 3
Front
the impact of philosophies/ideologies on equality in a countrey. for e.g karl marx- against capitalist society
Back
Card 4
Front
suggets that developing countries are dependent on developed. The developing are usually exploited. e.g; colonialism
Back
Card 5
Front
Myrdals model shows how periphary send raw material/savings/workers to developed coutreies(backwash effect), this widens the development gap
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