Lecture_2_approaches

Lecture_2_approaches - Approaches to Development and the...

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Approaches Approaches to to Development Development and and the State in the State in SE Asia SE Asia
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Approaches to be discussed: ± Modernization ± Dependency ± neo-classical political economy, ± historical institutional theory, and ± social conflict theory EXPLANATIONS OF EAST AND SOUTHEAST ASIAN DEVELOPMENT AND THE ROLE OF THE STATE
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What does What does economic economic development development mean? mean?
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Which economies are Which economies are most most developed? developed?
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Political Economy Analysis Political economy analysis seeks to explain the particular structure of power and the politics accounting for the form and extent of Asian development.
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What is capitalism? What is capitalism? • Free enterprise system • Capitalism in both agriculture and industry Industrialization has transformed subsistence to production that involves the application of capital in enterprises that produce primarily for profit • Trade and commerce are significant • Producers are separated from products as waged workers , employed by the owners of enterprises who control the products of their labor • Individuals or groups of investors own businesses, and competition between businesses is normal
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Modernisation approaches • One of the dominant perspectives • Development involves moving from traditional to modern society • Concern to define what is ‘modern’: industrial development; new values; democracy and/or order; stages of growth (Rostow, The Stages of Economic Growth: a non-communist manifesto )
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Rostow and Modernization • Rostow outlines five stages of growth •( i ) traditional society - little structural differentiation in society; •( i i ) pre-conditions for take-off ; • (iii) the take-off - a period where society begins steady growth; the political, social, and manufacturing sectors are reformed to allow growth in all aspects; the society emerges as a modern, typically capitalist, economy and society; •( i v ) drive to maturity - the expansion of newly developed ideas about the economy and technology into other parts of society; • (v) age of mass consumption – new values and methods are internalised through society, economy and culture, and an economy maintains itself
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Lecture_2_approaches - Approaches to Development and the...

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