Embed Size (px)
Citation preview
Lecture 2
The Causes of Poverty and Underdevelopment
Disparities of wealth
The richest 1% of people own nearly half of all of the wealth on the planet.
The richest 10% of people claim 86% of global wealth.
Gap in average incomes between developed and underdeveloped countries
1820: 3 to 11950: 35 to 11973: 44 to 11992: 72 to 1
Theories of Poverty
1. Climatic theory Baron de Montesquieu (1689-1755), L'esprit des Lois (1748)
2. Classical economics
Adam Smith (1723-90). The Wealth of Nations
3. Population theory Thomas Malthus (1766-1834). The Principles of Political Economy (1820).
4. The division between labour and capital
Karl Marx (1818-1883). Capital (1867).
5. Imperialism and the ‘Drain of Wealth.’Dadabhai Naoroji (1825-1917). Poverty and Un-British Rule in India (1901)
5. The Capitalist Ethos
Max Weber (1864-1920). The Protestant Ethic and the Spirit of Capitalism (1905)
6. Dependency theory André Gunder Frank (1929-2005). Capitalism and Underdevelopment in Latin America
(1967).
7. Globalisation and Cultural imperialismIvan Illich (1926-2002). Celebration of Awareness: A Call for Institutional Revolution (1971).
1. Climatic theory Baron de Montesquieu (1689-1755), L'esprit des
Lois (1748)
2. Classical economics Adam Smith (1723-90). The Wealth of Nations
3. Population theory
Thomas Malthus (1766-1834). The Principles of Political
Economy (1820)
4. The division between labour and capital
Karl Marx (1818-1883). Capital (1867)
5. Imperialism and the ‘Drain of Wealth.’
Dadabhai Naoroji (1825-1917)
Poverty and Un-British Rule in India (1901)
5. The Capitalist Ethos
Max Weber (1864-1920). The Protestant Ethic and the Spirit of Capitalism (1905)
André Gunder Frank (1929-2005). Capitalism and Underdevelopment in Latin
America (1967)
6. Dependency theory
7. Globalisation and cultural imperialism
Ivan Illich (1926-2002)
Celebration of Awareness: A Call for Institutional Revolution (1971)
Seattle 1999
Anti-globalisation protest Seattle 1999
Seattle 1999
Occupy Wall Street protest 2011
