North-South Relations

1. Different economic systems and
their accumulation of money
• Capitalism:
Liberal economics stressing overall
efficiency in maximizing growth with
private ownership of capital.

2. • Capitalism is really a competition
between consumption which does
not contribute directly to the
production of other goods vs.
investment where the short term
costs produce long term benefits.

3. • Socialism:
Workers should have political
power; they advocate redistribution of
wealth to the workers who produce
that wealth.

4. • Market socialism:
China’s new economic system which
has a large infrastructure with
industries remaining state owned.
Local level entrepreneurs seek out
international trade and investment.

5. • Privatization: selling off of state-
owned industries to private
individuals or corporations.
• Nationalization: governments taking
over private companies.

6. • Globalization of class relations
Wealth flows towards richer areas of
the world and away from poor areas.

7. • Post colonial dependency
“The mother country will help.”
Western nations basically simply
imposed borders on many African
nations and the Middle East.
“Westerners” took the resources and
left very little for the indigenous
people.

8. • Neocolonialism:
Colonial exploitation without
formal control.
• Enclave economy:
Areas such as gold mines or
oil wells that become
dependent on that product.

9. • Demographic Transition:
Death rates fall due to improving health
care. There are still high birth rates which
remain until women have access to
education which then results in a lowering
of birth rates with the rise of women’s
status.

10. • Malthusian Doctrine:
In 1798 T. Robert Malthus wrote his
famous essay on population. This work
discusses the carrying capacity of the
earth.
His basic philosophy is that the amount of
arable land will not be enough to feed an
ever growing population.
He was saying that the earth can only care
for so many humans.