The infographic presented above engages Cardoso’s explanation of underdevelopment and the information about the International Monerary Fund (IMF) presented by Vreeland. Cardoso really focuses on underdevelopment as the byproduct of imperialism in which conquering nations were able to receive a longer advantage over nations conquered by imposing regulations of unfair trade and systematic eexploitation Vreeland provides an overall explanation of the IMF that details the way in which the international loaning organization delegates the funds that are loaned out.
Using the information from both readings, I explore the consequences of utilizing debt to develop. Many of the points listed as consequences were illustrated in the movie, Life and Debt. However, in the interest of brevity, this infographic seeks only to introduce the consequences of developing through debt. In this way this infographic is a tool for individuals to 1) apply to any country that utilize IMF funds, and 2)encourage deeper analysis into the effects the IMF has.
Video: http://youtu.be/Cmit0VTdN8M?list=UUgzGkDdFTpHlLiqCCykLS9w
Resources:
Dependency and Development in Latin America (By: Fernando H. Cardoso). (2008). In J. Roberts & A. Hite (Eds.), The Globalization and Development Reader: Perspectives on Development and Global Change (2nd ed.). Malden, Mass.: Blackwell Pub.
The International Monetary Fund (IMF) [By: James Vreeland]. (2012). In F. Lechner & J. Boli (Eds.), The Globalization Reader (4th ed.). Malden, MA: Blackwell.
I like the title of each section they are catchy bring home the point. And mentioning the idea of developing through debt and this repeating cycle of debt is so true.
Link to infographic: https://magic.piktochart.com/output/3132400-imf-trapping-nations-in-debt