"Inequality, Development and Globalization"

Paper Summary:

This paper discusses how, in chapter 7 of "Inequality, Development, and Globalization, Ellen Meiksins Wood gives an account of globalization, from the perspective of development geography. In particular, the paper looks at how Wood argues that despite arguments to the contrary, globalization has tended to increase economic divergence, both within countries and within the global community. The paper also explains that, in this chapter, Wood uses a range of evidence and two case studies (in the Pacific Islands area and in Latin America) to make an argument that the neostructuralist perspective is the most accurate and useful for analyzing the implications of globalization for the Third World. The writer of this paper then makes the argument that Wood is incorrect in this analysis, and that in fact the dependency/post-development perspective is more useful for analyzing globalization and predicting its outcomes.

From the Paper:

"The author backs up his contentions with economic evidence - but oddly enough, it is evidence that seems to be contrary to his conclusion. He draws on a range of evidence, which illustrates the integrative nature of development geography, that is, the fact that many spheres of human activity must be taken into consideration in order to analyze diverse patterns of well-being among the various people of the world. For example, he provides global statistics on income, life expectancy and education, as well as information on global disparities in income per capita. He shows how massive is the digital divide, i.e. the difference between rates of internet use in the developed and developing world."

Sample of Sources Used:

• Chapter 7. Inequality, Development and Globalization.Wood, Ellen Meiksins. Empire of Capital. New York: Verso, 2003.

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