The Basics

Key Economic Actors States = countries Multinational corporations (MNCs) Prominent individuals Int’l coalitions NAFTA G20 (‘rich’ + emerging= 85% wealth) Intergovernmental Organizations (IGOs) IMF, WTO, EU, WB Nongovernmental Organizations (NGOs) Global, regional, national, local Aid, policy development ¤

Global Divide Global North Global South Advanced Industrialized Countries ~ 32 countries Global South Generic = ‘developing’ ~162 countries = 83 % of states ¤

GN - GS

3 Categories of the Global South

Emerging Economies (EEs) Upper end of GS Majority >$10/day

Least Developed Countries Map based on info from www.un.org/en/development/desa/policy/.../ldc_list.pdf Rank IMF 2015 Country GDP p/c 155  Chad $2640 160 Benin $2113 165 Afghanistan $1937 170 Burkina Faso $1727 175  Togo $1489 180 Malawi $1126 185 Central African Republic $628

Heavily Indebted Poor Countries (HIPCs) 34 of those located in sub-Saharan Africa Debt relief- HIPCs qualify Relief of ~$72 B Reliance on single cash crops Raw cotton = 42% ($366 m) of Mali’s exports Gold = 36% ($311 m) ¤ http://afkinsider.com/87714/malis-cotton-industry-come-rain-come-shine/

IPE Int’l Monetary System Int’l Trade System Int’l Investment & Int’l Finance Development Theories ¤