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Third World
The term "Third World" arose during the Cold War to define countries that remained non-aligned with either NATO or the Warsaw Pact. The United States, Canada, Japan, South Korea, Western European nations and their allies represented the " First World", while the Soviet Union, China, Cuba, North Korea, Vietnam and their allies represented the "Second World". This terminology provided a way of broadly categorizing the nations of the Earth into three groups based on political divisions. Strictly speaking, "Third World" was a political, rather than an economic, grouping. Since the dissolution of the Soviet Union and the end of the Cold War, the term ''Third World'' has decreased in use. It is being replaced with terms such as developing countries, least developed countries or the Global South. The concept itself has become outdated as it no longer represents the current political or economic state of the world and as historically poor countries have transited different income stages ...
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Cold War
The Cold War is a term commonly used to refer to a period of geopolitical tension between the United States and the Soviet Union and their respective allies, the Western Bloc and the Eastern Bloc. The term '' cold war'' is used because there was no large-scale fighting directly between the two superpowers, but they each supported major regional conflicts known as proxy wars. The conflict was based around the ideological and geopolitical struggle for global influence by these two superpowers, following their temporary alliance and victory against Nazi Germany and Imperial Japan in 1945. Aside from the nuclear arsenal development and conventional military deployment, the struggle for dominance was expressed via indirect means such as psychological warfare, propaganda campaigns, espionage, far-reaching embargoes, rivalry at sports events, and technological competitions such as the Space Race. The Western Bloc was led by the United States as well as a number of other First W ...
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Developing Country
A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The term low and middle-income country (LMIC) is often used interchangeably but refers only to the economy of the countries. The World Bank classifies the world's economies into four groups, based on gross national income per capita: high, upper-middle, lower-middle, and low income countries. Least developed countries, landlocked developing countries and small island developing states are all sub-groupings of developing countries. Countries on the other end of the spectrum are usually referred to as high-income countries or developed countries. There are controversies over this term's use, which some feel it perpetuates an outdated concept of "us" and "them". In 2015, the World Bank declared that ...
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Andre Gunder Frank
Andre Gunder Frank (February 24, 1929 – April 25, 2005) was a German-American sociologist and economic historian who promoted dependency theory after 1970 and world-systems theory after 1984. He employed some Marxian concepts on political economy, but rejected Marx's stages of history, and economic history generally. Biography Frank was born in Germany to, pacifist writer Leonhard Frank and his second wife Elena Maqenne Penswehr, but his family fled the country when the Nazis came to power. Frank received schooling in several places in Switzerland, where his family settled, until they emigrated to the United States in 1941. Frank's undergraduate studies were at Swarthmore College, founded as a Quaker college from which he gained an Economics degree in 1950. He earned his PhD in economics in 1957 at the University of Chicago. His doctorate was a study of Soviet agriculture entitled ''Growth and Productivity in Ukrainian Agriculture from 1928 to 1955''. Ironically, his dis ...
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Theotônio Dos Santos
Theotônio dos Santos Junior (Carangola, 11 November 1936 Rio de Janeiro, 27 February 2018) was a Brazilian economist. He was one of the formulators of the Dependency Theory and supported the World-System theory. Dos Santos had a bachelor's degree in sociology and politics in public administration from the Federal University of Minas Gerais and a master's degree in political science from the University of Brasília. He received the title of ''notório saber'' (equivalent to a doctorate) in economics from the Federal University of Minas Gerais and the Fluminense Federal University. At the latter of which he was Professor Emeritus. He coordinated for both the UNESCO Chair in Cultural Policies and Cooperation and the United Nations University in global economy and sustainable development. He was a professor at the Universities of Brasília, Nacional Autónoma de México, Northern Illinois, New York State, Catholic University of Minas Gerais, Rio de Janeiro, Bennett Institute of ...
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Walter Rodney
Walter Anthony Rodney (23 March 1942 – 13 June 1980) was a Guyanese historian, political activist and academic. His notable works include ''How Europe Underdeveloped Africa'', first published in 1972. Rodney was assassinated in Georgetown, Guyana, in 1980. Early career Walter Rodney was born in 1942 into a working-class family in Georgetown, Guyana. He attended the University College of the West Indies in 1960 and was awarded a first-class honours degree in history in 1963. He earned a PhD in African History in 1966 at the School of Oriental and African Studies in London, England at the age of 24. His dissertation, which focused on the slave trade on the Upper Guinea Coast, was published by the Oxford University Press in 1970 under the title ''A History of the Upper Guinea Coast 1545–1800'' and was widely acclaimed for its originality in challenging the conventional wisdom on the topic. Rodney travelled widely and became known internationally as an activist, scholar ...
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Raúl Prebisch
Raúl Prebisch (April 17, 1901April 29, 1986) was an Argentine economist known for his contributions to structuralist economics such as the Prebisch–Singer hypothesis, which formed the basis of economic dependency theory. He became the executive director of the Economic Commission for Latin America (ECLA or CEPAL) in 1950. In 1950, he also released the very influential study ''The Economic Development of Latin America and its Principal Problems''. Early years He was born in Tucumán, Argentina, to German settlers and studied at the University of Buenos Aires Faculty of Economic Sciences, where he later taught. His brother Alberto Prebisch became a well-known architect. As a young man his writing was marked by a complete adherence to the idea of free-trade but in the 1930s, as a result of the Great Depression he "converted" to protectionism. His previous beliefs had been supported by the spectacular economic growth of Argentina from the 1860s to 1920s as the country exported a ...
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Dependency Theory
Dependency theory is the notion that resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former. A central contention of dependency theory is that poor states are impoverished and rich ones enriched by the way poor states are integrated into the "world system". This theory was officially developed in the late 1960s following World War II, as scholars searched for the root issue in the lack of development in Latin America. The theory arose as a reaction to modernization theory, an earlier theory of development which held that all societies progress through similar stages of development, that today's underdeveloped areas are thus in a similar situation to that of today's developed areas at some time in the past, and that, therefore, the task of helping the underdeveloped areas out of poverty is to accelerate them along this supposed common path of development, by various means such as in ...
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Non-Aligned Movement
The Non-Aligned Movement (NAM) is a forum of 120 countries that are not formally aligned with or against any major power bloc. After the United Nations, it is the largest grouping of states worldwide. The movement originated in the aftermath of the Korean War, as an effort by some countries to counterbalance the rapid bi- polarization of the world during the Cold War, whereby two major powers formed blocs and embarked on a policy to pull the rest of the world into their orbits. One of these was the pro-Soviet, communist bloc whose best known alliance was the Warsaw Pact, and the other the pro-American capitalist group of countries many of which belonged to NATO. In 1961, drawing on the principles agreed at the Bandung Conference of 1955, the Non-Aligned Movement was formally established in Belgrade, Yugoslavia, through an initiative of Yugoslav President Josip Broz Tito, Indian Prime Minister Jawaharlal Nehru, Egyptian President Gamal Abdel Nasser, Ghanaian President Kwame N ...
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Asia
Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area of , about 30% of Earth's total land area and 8.7% of Earth's total surface area. The continent, which has long been home to the majority of the human population, was the site of many of the first civilizations. Its 4.7 billion people constitute roughly 60% of the world's population. In general terms, Asia is bounded on the east by the Pacific Ocean, on the south by the Indian Ocean, and on the north by the Arctic Ocean. The border of Asia with Europe is a historical and cultural construct, as there is no clear physical and geographical separation between them. It is somewhat arbitrary and has moved since its first conception in classical antiquity. The division of Eurasia into two continents reflects East–West cultural, linguistic, ...
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Oceania
Oceania (, , ) is a region, geographical region that includes Australasia, Melanesia, Micronesia, and Polynesia. Spanning the Eastern Hemisphere, Eastern and Western Hemisphere, Western hemispheres, Oceania is estimated to have a land area of and a population of around 44.5 million as of 2021. When compared with (and sometimes described as being one of) the continents, the region of Oceania is the smallest in land area and the list of continents and continental subregions by population, second least populated after Antarctica. Its major population centres are Sydney, Melbourne, Brisbane, Perth, Auckland, Adelaide, Honolulu, and Christchurch. Oceania has a diverse mix of economies from the developed country, highly developed and globally competitive market economy, financial markets of Australia, French Polynesia, Hawaii, Hawaii, New Caledonia, and New Zealand, which rank high in quality of life and Human Development Index, to the much least developed countries, less developed ...
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Latin America
Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived from Latin — are predominantly spoken. The term was coined in the nineteenth century, to refer to regions in the Americas that were ruled by the Spanish, Portuguese and French empires. The term does not have a precise definition, but it is "commonly used to describe South America, Central America, Mexico, and the islands of the Caribbean." In a narrow sense, it refers to Spanish America plus Brazil (Portuguese America). The term "Latin America" is broader than categories such as ''Hispanic America'', which specifically refers to Spanish-speaking countries; and ''Ibero-America'', which specifically refers to both Spanish and Portuguese-speaking countries while leaving French and British excolonies aside. The term ''Latin America'' was f ...
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Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area.Sayre, April Pulley (1999), ''Africa'', Twenty-First Century Books. . With billion people as of , it accounts for about of the world's human population. Africa's population is the youngest amongst all the continents; the median age in 2012 was 19.7, when the worldwide median age was 30.4. Despite a wide range of natural resources, Africa is the least wealthy continent per capita and second-least wealthy by total wealth, behind Oceania. Scholars have attributed this to different factors including geography, climate, tribalism, colonialism, the Cold War, neocolonialism, lack of democracy, and corruption. Despite this low concentration of wealth, recent economic expansion and the large and young population make Afr ...
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