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The Basics
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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
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Global Divide Global North Global South
Advanced Industrialized Countries ~ 32 countries Global South Generic = ‘developing’ ~162 countries = 83 % of states
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GN - GS
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3 Categories of the Global South
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Emerging Economies (EEs)
Upper end of GS Majority >$10/day
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Least Developed Countries
Map based on info from 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
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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)
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IPE Int’l Monetary System Int’l Trade System
Int’l Investment & Int’l Finance Development Theories
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