Reference no: EM133655613

Assignment:

Reading

1. Summarize modernization theory on what causes a country to develop and grow a commercial economy.

2. What contrasting explanation was given by dependency theory for some countries becoming wealthier than others over time?

3. Describe how debt slavery works?

4. a. What is chattel slavery?

b. What is the major example of it around the world including the U.S.?

5. Describe how the consequences of poverty create a self-reinforcing vicious cycle broken up into 3 areas:

[a]

[b]

[c]

6. What region of the world has the majority of the poorest countries in the world? any 2 reasons for this

7. What region of the world contains the most poor people in the world? [the most impoverished country of all is North Korea]

8. Why are garment workers among the lowest paid occupations in the world?

9. Which sex and what type of countries contain the majority of the poorest of the poor living in absolute poverty in the world today?

10. How relevant is the underground economy to coping with the covid-19 pandemic do you think? Why?