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Dependency Theory
This theory tries to explain global inequality in terms of a process of “the exploitation of weaker, poor nation by wealthy, more powerful ones

Capital Flight
This refers to the process in which corporate investors can quickly withdraw funds from a factory or country in response to poor countries workers or government trying to improve working conditions or environment regulations, which drive up cost for 1st world corporation and investors.

Structural adjustment programs
Loans given by global financial institutions which involve the increase in the poverty of the indebted countries, the shift in the purpose of production from domestic use to foreign use (export), and the cutting of public service in order to repay these loans.

Global interconnected Worker
The outsourcing that became standard in the 70’s deindustrialized the U.S. economy, which increased the gap between the rich and the poor not only in the U.S. but also between the U.S. and the poorer countries it outsourced to. This has lead to a growing obviousness of the connection between workers in all countries and corresponding hypothesis: if all workers around the world protect each others’ working condition, environment regulation of business activities and wages, then outsourcing would increase neither transcontinental nor global inequality.

Deindustrialization
(Hoynes and Croteau)

Neocolonialism
(Hoynes and Croteau)

Colonialism
(Hoynes and Croteau)

Domination
“The Power to set the terms under which others groups and classes must operate, not total control.”

Global Financial Institution
These are the organization that write “he rules of the global economy” and that regulate the international domination practice of neocolonialism.

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