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Adequate labor adequate capital - PowerPoint PPT Presentation

Chapter 2, continued

Chapter 2, continued. Colonialism: Capitalism on a World Scale The exploitation of foreign resources by European industrializing nations Simultaneous economic, political, and cultural impacts rife with conflicts with native groups The unevenness of colonialism (Figure 2.22)

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The classic core-periphery model: Myrdal & Friedmann

The classic core-periphery model: Myrdal & Friedmann. Demands from center for goods/services yields payments to periphery. Abundant Labor. Supply of materials and products. Periphery. Center. Scarce Capital. Abundant Capital. Capital flows to periphery.

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Adequate labor adequate capital - PowerPoint PPT Presentation

Chapter 2, continued

The classic core-periphery model: Myrdal &amp; Friedmann

The classic core-periphery model: Myrdal & Friedmann