How Does The Dependency Theory In Black Gold

When we consume a commodity we often do not realize that not only are we engaging in a relationship with that particular commodity, but inadvertently, we become entrenched in a series of social, economic, and geographical relationships around the globe. These relationships can be traced backwards from the point of consumption to a marketing agency, a supplier, a producer, an exporter,

Patel concludes that these systems favor the consumers rather than the producers. He uses Mexican corn as an example. The price of corn in the Mexican market collapsed due to U.S imports. The U.S corn farmers were significantly subsidized by their government, and the poor Mexican farmers had no way to compete. Patel accuses America of using its economic and political power to strong-arm Mexico and other countries under the guise of free trade agreements. With all of the evidence Patel presents on this topic, any reader would have a difficult time disagreeing with this assertion.

I never thought too much about globalization before this class. According to Crapo (2013), “this growing interconnectedness, called globalization, is influenced by many technological and economic changes that are bringing people together in ways that were unheard of in earlier times” (Chapter 10.5, para. 2). The world is brought together economically through products. One of the many is coffee. After watching the film, “Guatemala: The Human Price of Coffee” the impacts of globalization on the coffee farmers in Guatemala shocked me. I love coffee and I had no idea the price these people have to pay to grow coffee for us to have. These coffee farmers make huge sacrifices. They are paid low wages and they are hardly able to live. When the prices of coffee drops, they suffer with lower wages.

The documentary depicts globalization as way in which countries are interconnected around the world and affect each other through various economic, social, and political processes. The documentary particularly focuses on the economic affects of globalization, by examining the affects of economic liberalization and the internationalization of finance through organizations such as the International Monetary Fund and structural adjustment programs. Loans given by the IMF to developing countries such as Jamaica do not help them develop, but instead prevent them from advancing economically and socially. The advancements that these loans have guaranteed have not occurred, and the policies that have been imposed with the loans have negatively impacted the majority of the Jamaican population. Many local workers, especially farmers, have lost their jobs as goods are imported from other countries. The country is

In today’s world of global trading, multinational corporations that are looking to expand on profits turn out to operate against the welfares of the world’s poorest countries. In the documentary, “Stealing Africa,” the film director, Christoffer Guldbrandsen, brings forward the concerning economic attention of the country of Zambia, located in South Africa. Zambia is known as the third largest copper reserves across the world, owned by multinational corporations globally. Due to such a heavy abundance of natural resources in Africa, the majority of the economy of Zambia revolves around the mining industry, which is like the backbone of the country. As the natural resources in Zambia remain rich, multinational companies, specifically Glencore, grew in investments resulting in the guilt of tax avoidance and undervaluing copper, which resulted in a downfall for the revenue of copper in the nation of Zambia. Guldbrandsen talks about the country of Zambia’s abundance of natural resources, yet their struggle to remain above the poverty line, as it is ranked in the top 20 poorest countries. Guldbrandsen insists that due to privatization starting from the year of 2001, the mining industry in Zambia has taken a downfall. Although the country of Zambia is very rich in resources, maintains the top copper mine in the world, a person a day lives below a dollar and almost eighty percent of the population remains unemployed.

Africa, Asia, and the Americas all fell victim to the greed of the Europeans. Furthermore, an “expanded market” was needed after the rise of the Industrial Revolution (Sanderson “Imperialism notes”). Surpluses of products demanded a larger community to obtain the goods. The introduction of machinery reduced the number of workers

Other powers would force the people to grow marketable goods that would be taxed and exported. Before the invasion of colonial powers, many of the cultures had systems devise that ensured everyone got enough food to eat. Not only have the corporations converted the third world to export based economies, but they also control the prices they purchase the good for to ensure profit. There are also inequalities from with in the third world nations. There is great inequality in land ownership; very few wealth landowners hold the majority of the land. The other necessary resources needed for agriculture including water for irrigation, fertilizers, pesticides and equipment are also monopolized. Inequalities among races also effects hunger. Slavery is the most extreme case of racism directly causes hunger. Racism serves as a way to keep non-white people in the low paying jobs. All of these inequality among nations, with in nations and between people is an inefficient use of the resources. Small plots of land that grow many different crops is the best use of land.

Globalization is when international organization influence on other countries. It seems that Haiti is a country with a strong dignity that oppose globalization as a force that have an effect on most aspects of economic experience. However, globalization has had both positive and negative effects. Globalization has impacted poverty in Haiti by free trading and many workers works unpaid for many international factories. For many years Haiti was the center of tourism, which was helping the economy, but now it has declined as a source of income . Official data say Haiti is one of the poorest countries in the Western Hemisphere( Global Finance) . The free trade promoted by global financial organizations has involved the country's economy in a deep retrocession that obliges to neglect barriers and not obstructive goods of developed countries.

When Great Britain, United States, Germany, and France viewed Asia and Africa as a source of raw materials they took advantage of that so that they could keep there new western industrial society fueled. What they didn't realize was that by exploiting these resources it would collapse the local culture that was there before mass manufacturing.

The world is constantly becoming smaller and smaller as time progresses. A process of globalization is rapidly turning the world as we know it into economic opportunity waiting to be exploited. A large factor in this process is due to the advent of technology which is becoming more and more readily available to lesser developed countries. Countries such as Jamaica and other LDC’s are primary targets of economic globalization. In the film Life and Debt by Stephanie Black, we see the effects globalization has on Jamaican culture, industry, and agriculture.

With an increase in GDP, developing countries would be able to shift resources from a subsistence level of inputs into agriculture towards infrastructure and education. Agricultural producers in undeveloped countries currently use low technology and high labour methods. As the undeveloped countries are able to advance in technology and knowledge, they would be able to move their production possibilities toward meeting worldwide demands. Undeveloped countries typically are producing for their own survival and little for foreign export, as production becomes more efficient and surplus is gained, then farmers would be able to export the excess to the world market. Smith points to the case of African cotton and its US production to show where subsidies hurt both productivity and trade. The United States cotton producers are subsidized by the government and this has depressed the prices worldwide by approximately a quarter which costs West African countries $200 million in lost foreign exchange. Over 11 million people rely on cotton for their income but with US subsidies in place it reduces the price and therefore income received. If subsidies were removed, Africa could produce at two-thirds the

With the commodification of natural resources, there becomes a dependency between those who control the resources and all those who need to use them.  At this stage of society people are no longer self-sufficient, but rely upon the network of society to provide food, shelter and jobs (Rousseau).  At this level of society, the founders most often control the resources and begin to live in excess compared to the rest of the populace.

It is argued, that if the global north is able to dominate the increases in agricultural trade due to free trade, specifically infiltrating globally southern markets, it will perhaps negatively effect improvements of efficiency in global south agricultural spheres (Beachy 2011). Additionally, it is argued, that due to the U.S., as well as other globally northern nations using subsides, they are able to sell their own nations product at lower prices, and effectively close off trading markets for developing nations (Clemmitt 2008). An example of this practice in the real world involves analyzing corn trade in North America. Since the North American Free Trade Agreement (NAFTA) has been put in place, Mexican corn farmers have seen losses in their business (Beachy 2011). Additionally, the U.S. has seen larger gains in corn exports, specifically inside Mexico (Wu and Guclu 2013). This is a real world example, which represents one of the major concerns in expanding free trade, that it will ultimately be exploited by nations in the global north. Additionally for these smaller farmers, especially in developing nations who cannot compete with these conditions, poverty has been seen to increase for these people (Kendall and Petracco 2009). Beachy argues this to be one of the major indictments of the free trade system in improving food security, a greater number of citizens in the developing world

Dependency scholars depend upon a conviction that there exists an unmistakable "national" financial interest which can and ought to be explained for every nation. Dependency point of view is that its defenders trust that this national hobby must be fulfilled by tending to the needs of the poor inside of a general public, as opposed to through the fulfilment of corporate or legislative needs. Reliance scholars contend that these elites keep up a needy relationship in light of the fact that their own private hobbies agree with the hobbies of the predominant states. Dependency relationship is a "deliberate" relationship as in these elites are commonly prepared in the predominant states and have comparative values and culture with the elites in

Every nation has a responsibility to its citizens to improve the economic, political and social well-being of its people. However, in the film Blood Diamond it is made clear that there is an exploitation of the people in Sierra Leone. This economic problem is fueled by three main concepts; poverty, production/resources and demand/supply. Through the analysis of the three main concepts it will be shown how the economic problem was the result of each sub-concept.