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The Global South
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The Global South Who is the GS? Development Hurdles
IMS, II & IF, ITS, GN reliance GS Economic Development Tactics
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IPE Categories of GS Countries
Emerging Markets Coined in 1981 by Antoine van Agtmael when working for WB- objective was to create ‘a set of promising stockmarkets…to attract investment they needed to thrive’ Greater % of people =middle class (>$10/day) Frontier Markets Investment category- just below EEs Countries in Transition (CITs) Former USSR, Eastern Bloc Growth rates differ
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IPE Categories of GS Countries
Least Developed Countries (LDCs) GDP p/c ave.=$750; most in Africa Highly Indebted Poor Countries (HIPCs) Debt relief 36 get assistance: 3 applied (2016) Only 5 non-African: 4- LA; 1 Asia
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Development Hurdles
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Child Labor in Bolivia Reality of local situation Need kids’ earnings
Kids working anyway Stay in school Kids pushed for law Keeps kids off streets
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Criticisms of Child Labor Policy
Lack of enforcement Kids in hazardous industries Lack awareness of law Need sex ed. and birth control Rural family sizes But, under-population issue
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Sustainable Development (SD)
SD expectations GS- AND- GN Environmental issues Human security issues Need to diversify Cash crops tax farmland; deforestation Non-renewable resources Nigeria- 75% of GDP petroleum
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Poaching in GS Lack of local investment
Wildlife damage crops, livestock Poverty Lack of job opportunities Corruption Arable land as national parks Need to address demand
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Gender Inequality UN Gender-related Development Index (GDI)
Country GDP p/c Women GDP p/c Men Dev. Level Saudi Arabia $16,197 $78,689 Very High Norway $56,994 $70,807 U.S. $41,792 $63,163 China $9,288 $13,512 High Botswana $11,491 $18,054 Medium Pakistan $1,707 $7,439 Low
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