Development needs context at local, regional, global scale
- global
- European idea of stae -> world into capitalism
- neo-colonialism: core controls periphery despite not being colonies
- structuralist theory: rigid, large-scale economic arrangements shape future -> hard for poor countries to improve economy
- different set of development circumstances than Rostow’s Model
Dependency Theory
- international political and economic relationships limit economic development possibilities of poorer areas
- neo-colonialism is good example
- adoption of superpower currency
- El Salvador and US dollar
- 2M El Salvadorians in US
- 2B in remittances to home country
- El Salvador and US dollar
- low probability of economic prosperity in dependent regions
Geography and Context (World-Systems Theory)
- economic development must be seen in context of Wallerstein’s World-Systems Theory
- basically core earns money and periphery suffers and semi-periphery is where core gets to watch periphery suffer
- fundamentally different from modernization model because not all places can be equally wealthy (must have 3 tiers at all times)
- power relations and economic development is different for every tier (geographically sensitive)