Exam 8: Dynamics of Interdependence: Transformation of the Periphery

Indebtedness became a major problem in the world economy in the 1980s. Debt service must be met before other obligations of governments. Why did this happen?

What are "barter terms of trade"?

After that of the North Atlantic, which steamship route was most important to the world economy in 1913?

1830-1876 saw the largest increase in the number of colonies and of people under colonial rule. Why did this happen then?

The global division of labour did not arise out of simple local choices freely given but in the historical context of colonialism and domination by the industrial core over the rest of the world. As a result, the best concept to understand this is: