Differences in Communications

Connectivity Around the World

Dollarization –

Abandoning the local currency of a country and adopting the dollar as the local currency.

El Salvador went through dollarization in 2001

Commodity Chain

Dolomite stone from Jerusalem covers a fireplace in Beacon Hill, Boston, Massachusetts.

Series of links connecting the many places of production and distribution and resulting in a commodity that is then exchanged on the world market.

Barriers to Economic Development• Low Levels of Social Welfare– Trafficking-bullied into poor working conditions– High birth rates, Low life expectancy, large number of

dependents– Lack of proper health care– Poor water supply & sanitation– Widespread Disease vectored diseases-spread by a host – Malaria-kills 150,000 children each month

• Political Instability-military dictatorships, corruption, revolution

• Foreign Debt– World Bank or International Monetary Fund – Structural adjustment loans-economic reform required

Foreign Debt Obligations Total interest payments compared to the export of

goods and services.

Foreign Debt and Economic Collapse in Buenos Aires, Argentina, 2001

Foreign Debt Obligations

Widespread Disease

• Malaria kills 150,000 children in the global periphery each month.

Tamolo, India

This baby sleeps under a mosquito net distributed to villagers by UNICEF workers.