Globalization

1. Globalization is the result of the consolidation of capitalism and has

established a new world order, which has decreased the sovereign power of
the State, causing it to lose the ability to decide on its own territory.

2. Historically, globalization is the emergence of a new arrangement of the

world economy, and the general result of new and old elements of
internationalization and integration.

3. Globalization has had a notable transformative influence on social relations,

patterns of life and culture, in the State and in politics, giving rise in the latter
to a notable wave of democratization that is currently disturbing the world.

Development, underdevelopment and poverty.

1. Progress is only one aspect of development, since it focuses solely on
industrial, technological development and urbanization; while development
includes all social, political, cultural and economic changes.

2. Underdeveloped countries commonly have dysfunctional states, which

results in high rates of poverty and social inequality, even though they have
the natural resources necessary to get out of that situation.

3. Poverty is linked to the image of lack of opportunities and income, which

does not allow social and economic needs to be met.

Development Theories.
1. We can understand modernization as a transitional process from a traditional
society to a modern society, replacing traditional cultural patterns and
values.

2. The center-periphery theory explains, through a circular dynamic of

economic relations, the disadvantage of underdeveloped countries in their
economic relationship with developed countries.

3. If we explain the poverty of underdeveloped countries from the dependency

theory, we understand that this comes from the way in which these countries
were introduced to the capitalist system, and in order for them to improve
their situation they must design their own model of capitalist accumulation.
Development models.
1. In the primary export development model or outward development, the export
sector is the one that dominates the economy, which as a disadvantage
brings a dependence on the part of the export sector on the world market,
which established international demand and prices.

2. Social capital plays a fundamental role in the model of industrialization by

import substitution or inward development, since with the capacities for
collective articulation, institutionality can be carried out in a more feasible
way.

3. The neoliberal development model is promoted by international financing

organizations and highly industrialized capitalist countries for their own
benefit, and caused the State to ignore its responsibilities to combat poverty,
promote development and public intervention.

Development models applied in Honduras.

1. With a primary export development model in Honduras, what was sought
was to introduce the country to the world market, but due to the lack of
human capital and social and physical infrastructure, it is the transnationals
that manage and direct the country's agro-export economy.

2. The purpose of the ISI development model in Honduras was to stop buying
the extracted product and promote local capitalism. The aim was to produce
national consumer goods and generate a middle class which would sustain
the national economy. To this end, the State gave rise to several institutions
to house such social class.

3. The neoliberal model is currently in force in Honduras, it seeks to economize

as much as possible in order to generate economic stability, this results in
the privatization of services, assets and state companies; the increase in
interest rates and the devaluation of the currency which devastates the
purchasing power of salaries and increases the cost of living.