What are other terms for “Developing Country”?
Third World, LDCs “Less Developed Country”, GLobal South
What are the features of the Global South
A) Not Modern, Traditional
B) Most were colonized
What are the features of Development?
What are the features of Modernization?
What “school of thought” was attached to Modernization?
Modernization theory
When was the Modernization Theory developed?
1950s
When did Modernization Theory become relevant?
After decolonization and during the Cold War
What are the features of the Modernization Theory?
A. All countries move through the same economic stages [tradition –> modern]
B. Involved socio-economic and political changes, plus the “psychic shift” [new understanding of yourself and your responsibility in this world
C. The West was the model to follow
D. Internal/Domestic Process [Global forces were increasingly significant to shaping your destiny]
What is another term for “Dependency Theory”
World System Theory
What are some key factors of the Dependency Theory?
What is another term for dependence?
Neo-colonialism
What are restraints on Modernization & Development? [6]
What is Latin America known for saving the world?
Food: corn, potatoes, cassava
What was central to early luxury trade in Latin America?
Colonialism
What was the major crop in Latin America that established a mono-crop system?
Sugar
What three regions were involved in the Bermuda Trade Triangle?
Europe –> Africa –> Latin America
What are 4 characteristics of the Global South Regions?
ICEU
What are two significant symbols of US relations with Latin America throughout history?
2. Banana Republic
When was the Monroe Doctrine signed?
1823
What did the Monroe Doctrine establish?
Europeans are not to intervene with Latin American affairs - it became US territory
What was the Banana Republic?
They produced bananas for American consumption - Belize, Panama, Guatemala, Etc.
What was the major banana corporation in Latin America?
Chiquita
What was the historical political culture in Latin America?
Quasi-feudal: plantation system where plantation owners were wealthy “Hacienda”. Plantations were political, social and economic - became the center of political life. Outside of plantations, it was very challenging to make money.
What did the Latin American economies revolve around throughout history?
Plantations