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Unformatted text preview: II) The Making of “Japan, IncJ” a. Government directed economic growth i. In 1960s Ten year plan to double Japan’s GNP ii. The “developmental state” b. Explosive Economic Growth i. 1955-1973 double digit growth rate ii. Recession in 1970s due to energy crisis Skip (previous lecture on paper) a) The First World’ Stranglehold of the 3 rd World i. Imposition of Structural Adjustment Programs in 1980s 1. IMF and World Bank mandated conditions on most 3 rd world countries 2. Globalization of Reaganomics ii. Why not allow them in Third World? 1. Cold war mentality 2. favored economic growth of 1 st world through globalization 3. anticipated turn around in 1990s b) Consequences in the third world i. Plight of poverty 1. between 1980 and 1986, urban poverty in Latin America rose by 50% 2. retreat of the state ii. downward mobility 1. SAPs led to greater disparity in wealth distribution iii. Breakdown of family structure iv. Globalization...
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- Spring '08
- japan, Second World, First World, structural adjustment programs