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    AR LEGENDS
    The documentary addresses the question of how poverty can still exist in a wealthy world. It argues that the legacy of European colonialism established an unequal global system that exploits resources and people from former colonies for the benefit of capitalist powers. This ongoing neocolonial system, perpetuated by institutions like the IMF and World Bank, uses debt and unfair trade policies to maintain control over developing nations and prevent true self-determination that could alleviate poverty. Ending poverty on a global scale will require reforming this unequal system by reducing Third World debt, instituting land and resource reforms, and shifting control of national resources back to indigenous populations.

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    Reflection Questions For

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    AR LEGENDS
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    The documentary addresses the question of how poverty can still exist in a wealthy world. It argues that the legacy of European colonialism established an unequal global system that exploits resources and people from former colonies for the benefit of capitalist powers. This ongoing neocolonial system, perpetuated by institutions like the IMF and World Bank, uses debt and unfair trade policies to maintain control over developing nations and prevent true self-determination that could alleviate poverty. Ending poverty on a global scale will require reforming this unequal system by reducing Third World debt, instituting land and resource reforms, and shifting control of national resources back to indigenous populations.

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    REFLECTION QUESTIONS FOR

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    The documentary addresses the question of how poverty can still exist in a wealthy world. It argues that the legacy of European colonialism established an unequal global system that exploits resources and people from former colonies for the benefit of capitalist powers. This ongoing neocolonial system, perpetuated by institutions like the IMF and World Bank, uses debt and unfair trade policies to maintain control over developing nations and prevent true self-determination that could alleviate poverty. Ending poverty on a global scale will require reforming this unequal system by reducing Third World debt, instituting land and resource reforms, and shifting control of national resources back to indigenous populations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views3 pages

    Reflection Questions For

    Uploaded by

    AR LEGENDS
    The documentary addresses the question of how poverty can still exist in a wealthy world. It argues that the legacy of European colonialism established an unequal global system that exploits resources and people from former colonies for the benefit of capitalist powers. This ongoing neocolonial system, perpetuated by institutions like the IMF and World Bank, uses debt and unfair trade policies to maintain control over developing nations and prevent true self-determination that could alleviate poverty. Ending poverty on a global scale will require reforming this unequal system by reducing Third World debt, instituting land and resource reforms, and shifting control of national resources back to indigenous populations.

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    Mohib Khatri 2011163

    Development Economics
    BBA 5B
    REFLECTION QUESTIONS FOR:
    The End of Poverty? Think Again

    1. What is the main social problem being addressed in the documentary?


    The main problem addressed in documentary is regarding poverty which is being faced in world
    despite of having so much of wealth in the world.

    2. What is the question the documentary is addressing?


    In world with so much wealth, modern city and plenty of resources how can we still have
    poverty. How can we still have poverty if still so many people live on less than $1 per day?

    3. What is their argument?


    The argument is that European colonialism and its global capitalist system had been extracting
    and exploiting Americans, Africans and Asians. The documentary is projected since the European
    colonialism started from 1492. The countries like Venezuela, Kenya, and Bolivia were rendered
    by the colonies which led to their downfall. The amount of wealth and resources extracted from
    these countries by Europeans for their own interest like developing global finance, industrial
    revolution and establishment of capitalist system created unequal relationship between rich and
    poor countries.

    4. According to John Perkins, how many people die every day from hunger and hunger related
    diseases?

    According to John Perkins around 24000 people die each day due to hunger.

    5. Why do the speakers in the documentary trace current poverty to colonization of the
    Americas?
    The speakers basically tried to point out colonization of people who conquered the land of
    American citizens. They took over the land of people and rights of their property. Those who
    colonized showed little or no regards for the people previously living there.

    6. What action did the European powers pursue that destroyed the natural economy of the
    native populations? What mechanisms did the European powers use to achieve their ends?
    What similarities were there with what happened in Europe?
    The European powers used to show their power by intervening in others cultures and religious
    affairs. They would capture the lands of poor and used to create their empire on it. The
    European powers achieved their desire through various means but the heart of that lies within
    their ‘legal system’. They were advised by the colonial government in 1897, which said that the
    countries where there is no settled form of government, that land belongs to the ‘Queen of
    England’ Now all they had to do was to declare that there is no settled government and thus
    began the expropriation. In South America, the confiscated land either by force or by imposing
    taxes on head per huts which the people could not pay. Even today, when these countries have
    achieved independence, they still don’t have their lands back. It was given back to powerful
    people in the government.

    7. According to the documentary, how did early colonialism benefit early capitalism? How does
    it continue to support capitalism?
    Colonialism basically started from 1942 from European in which they created numerous ways to
    collect resources and wealth from regions. This help them to create a global capitalist system.
    This documentary showed that how Europeans grabbed the land of Americans and extracted
    resources from there. To create industrial revolution they created unfair laws for locals who
    used to work day and night in the Europeans colonialism success. The all natural resources and
    human resources used by them helped them created technology advantage amongst others.
    Still after independence from colonies these countries have been in debt due unfair trade
    policies of Europeans.

    8. According to the documentary, why are Third World countries in a perpetual state of
    “development”?
    They are still in state of development because these third world countries still require huge
    loans to either pay back their previous debt or to invest that in their infrastructure. According to
    Neocolonialism theory it explains that still develop countries have control on these undeveloped
    countries due to unfair means. Economic expert John Perkins states the devastating results
    created by first world countries for the third world countries.

    9. According to the documentary, how have the “developed” countries prevented populist
    movements in Third world countries? In other words, how have they thwarted the rise of
    populist politicians who endeavored to allocate their country’s resources to their people?
    Which countries have been the victims of the jackals?
    They used to deal through contracts for developing the nation which was an easy motive to
    capture the underdeveloped countries. They also used interfere in their political matters by
    setting their favorite politicians inside their parliament to have control on politics. The countries
    which have suffered due to these are in Middle east, such as Libya, Syria and Egypt where
    populist leaders like Mahmar Gaddafi, Hussni Mubarak, and Muhammad Musa were dethrone
    for their benefits which led to blood shed war. Countries like Angola and Venezuela had also
    suffered.

    10. What is “The Washington Consensus”? Where did it arise? Who did it benefit? How? Who did
    not benefit? How has it contributed to maintaining poverty in Third World countries?
    Washington consensus was set of policies formed by economist John Williamson which main
    focus was to improve economic conditions of underdeveloped countries. IMF and World bank
    got opportunity to work on these economic reforms. The main focus of this consensus was on 4
    things.
     Capital liberalization
     Trade Liberalization
     Reduce taxes
     Sell of your states assets.

    11. What has been the impact of “neoliberalism” in developing countries? Who has benefited?
    And who hasn’t?
    Neoliberalism were market oriented reforms and policies which includes eliminating price
    control, promoting privatization and Lessing trade barriers. These policies were thee motive to
    industrialize the countries. But however it was criticized a lot because it was giving competition
    to local market which was harmful and also reduced tax collection which however could
    resulted in taking of loans from developing nations. Thus these policies had short term benefit
    and long term loss.

    12. According to the documentary, what role have the World Bank and IMF (i.e. International
    Monetary Fund) in perpetuating poverty in the Third World?
    IMF and World Bank have been set by first world countries to in order to support
    underdeveloped countries. However the unbiased policies and regulations and manipulation in
    lending loans to under developed countries gives benefit to these first world countries. They can
    easily pressure them to take advantage from them. Although due to debt pressure cycle under
    developed countries are force to go against their wills which results in inflation, poverty,
    unemployment and economic in stability.

    13. According to the documentary, what will be required to end poverty?


     Reduce tax especially on poor who actually have most burden of tax
     By making constitute land reforms, giving more independence to the deserving families.
     Stopping privatization off natural resources
     To forgive debts, especially historic ones on under developed.

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