North/South dichotomy: issues of development (post-colonialism)
a. Africa
b. Latin America
Korea’s economic miracle
Economic interdependence
World hunger
TEACHER’S NOTE: Students should understand that as global economic systems become more interdependent, economic decisions made in one nation or region have implications for all regions. Economic development for all nations depends upon a wise use of globally scarce resources.
What is meant by the term “post colonialism”?
What is the relationship between former colonies and the nations that once controlled them?
How has the global economy changed since 1945?
What weaknesses do many developing economies face?
What made Korea’s economic miracle possible?
To what extent is Latin America moving from a cash crop economy to a diversified industrial economy?
On what basis are economic decisions being made in developing nations? in industrialized nations? (Compare /contrast.)
How has economic decision making become more global as the world economy becomes increasingly interdependent?
To what extent have economic disparities between developed and developing nations persisted or increased?