International Political Economy

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Global South

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International Political Economy

Definition

The Global South refers to the countries and regions primarily located in Africa, Latin America, Asia, and parts of Oceania that are generally characterized by lower levels of economic development, industrialization, and income compared to their counterparts in the Global North. This term emphasizes the socio-economic disparities and historical contexts that shape the development trajectories of these nations, highlighting the complexities of economic growth, dependency relationships, and global systems.

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5 Must Know Facts For Your Next Test

  1. The Global South often faces significant challenges such as poverty, political instability, and inadequate access to education and healthcare.
  2. Countries in the Global South are frequently involved in dependency relationships with more developed nations, impacting their ability to achieve sustainable economic growth.
  3. Modernization theory suggests that countries in the Global South must follow a linear path to development similar to that taken by countries in the Global North.
  4. Dependency theory posits that the economic development of Global South countries is hindered by exploitative structures imposed by wealthier nations.
  5. World-systems theory provides a framework for understanding the interconnectedness of economies globally, arguing that the Global South is often positioned as a periphery to the wealthier core nations.

Review Questions

  • How do theories of economic development explain the challenges faced by the Global South?
    • Theories of economic development such as modernization and dependency highlight the structural issues faced by countries in the Global South. Modernization theory suggests that these countries must emulate the development paths of wealthier nations, which can overlook local contexts and needs. Conversely, dependency theory emphasizes how historical exploitation and ongoing inequalities limit their growth potential by keeping them reliant on more developed economies. These frameworks illustrate how various factors contribute to persistent challenges in achieving sustainable development.
  • Compare and contrast modernization theory and dependency theory in relation to the Global South's economic development.
    • Modernization theory posits that countries in the Global South can achieve development by adopting similar practices as those in the Global North, often promoting industrialization and Westernization. In contrast, dependency theory argues that these countries are trapped in a cycle of dependence due to colonial legacies and exploitative relationships with wealthy nations. While modernization theory advocates for a linear path toward development, dependency theory highlights systemic barriers that perpetuate underdevelopment, illustrating contrasting perspectives on how to address economic disparities.
  • Evaluate the role of world-systems theory in understanding global inequalities between the Global North and Global South.
    • World-systems theory provides a comprehensive framework for analyzing global inequalities by categorizing nations into core, semi-periphery, and periphery roles. The Global South is often seen as part of the periphery, where countries are economically exploited by core nations. This perspective helps explain why many developing nations struggle with structural challenges such as resource extraction and capital flight. By examining these systemic dynamics, world-systems theory reveals how historical processes continue to shape contemporary economic relations and disparities between nations.
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