North vs. South

I.   The North-South Gap

A.  Economic and Social Inequality

B.  Questions

II.  Theories of Accumulation

A.   Economic Accumulation

B.   Capitalist Perspective

C.   Socialist Perspective

D.   Reality vs. Theory

E.   Our Question:  Why the Gap?

III. Case Study:  Reagan's Dark Victory

A.  Challenges in the Third World

B.  Burdened by Debt

C.  Reagan's Tough Love Approach

1.  "Structural Adjustment Lending" (SAL)

2.  The Baker Plan (1985)

D.  SAP's Sorry Record