How global economic governance deals with poverty (Edexcel A-Level Politics): Flashcards

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The North-South Divide and Other Measurements of Inequality
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Global North-South divide

Socio-economic & political differences: rich North vs poor South

Historical root of Global North-South divide

Colonialism

UK North-South divide: wealthier region

South (especially London & Southeast)

Cause of UK North-South divide

North industry decline (coal/steel); South service rise

World-Systems Theory developer

Immanuel Wallerstein

Three regions in World-Systems Theory

Core, semi-periphery, periphery

Core countries in World-Systems Theory

Wealthy, industrialised, strong economies, political power

Semi-periphery examples

Brazil, India

When Dependency Theory emerged

1960s and 1970s

World Bank international poverty line

$1.90 per day (PPP)

What the Gini Coefficient measures

Income inequality within a country

HDI components

Life expectancy, education, income per capita

MPI developer

UNDP

Capability Approach developer

Amartya Sen

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