The Global North/South Divide - 1724 Words

A descriptive essay on the Globla North/South divide. Explores the social, cuptural and economic differences that exist between the regions defined as the global north and the global south. The theory of the Global North and Global South is a new geopolitical perspective. It divides the world into two blocs – the industrialized countries of the global North and the poor countries of the South on the global level of analysis. While â€Å"Global South† is sometimes used as a synonym for the more familiar â€Å"third world† that term has fallen into disfavor. This essay looks at globalization and discusses how it has exacerbated the pre-existing inequalities between the poor global south and the wealthy global north. It illustrates how†¦show more content†¦The poor, global south, is being exploited by the rich global north. The global south has natural resources and cheap labor. Both are exploited by the industrialized countries of the North. Global south countries are primarily producers of primary or single crops like tobacco, bananas, peanuts, rice, and cotton. Many of these countries have only a single primary product to export. Prices of many of these commodities fluctuate, but the trend is mainly downward. If a commodity has a high price, then other producers will convert production to take advantage of the high prices or else consumers will switch to a substitute product. The South produces primary goods while the North produces manufactured goods. Generally, manufactured goods are more expensive to buy than raw materials. Until the South produces its own manufactured goods, it will always be dependent on the North. The international division of labor, according to Dependency Theory, creates unequal terms of trade. The ratio of export prices to import prices refers to the terms of trade. Monophony refers to the condition where there are many sellers but few buyers. With many primary agricultural producers , this is the condition facing the global south. There are many coffee growers or banana producers but very few buyers. Few buyers can force down the price which producers can charge. Many of the global south areas areShow MoreRelatedThe Global Divide Essay1465 Words   |  6 Pagesread further, you will see how globalization and the north- south global divide play a key role in our nation’s economy. From the wars on European soil and increasing poverty in Africa, to the booming technological abilities in Japan, this one word will be an understatement to all things to come. I’ll explain how the global divide started and how globalization plays a key role in the world’s own destructive nature. 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