115bslides_2

115bslides_2 - Section 2 Import-Substitution...

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Section 2 Import-Substitution Industrialization and other development theory
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Announcements Homework now due October 14 th by 5pm in my mailbox or David Simon's Room:SSH 1111 or 1113 (mailboxes are the wall between them Midterm 1 October 22nd
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Imagine Imagine you are the president of a developing country in Latin America, Africa, or Asia after World War 2 Most citizens of your country are poor Most people in your country work in agriculture You have few to no factories You export mostly raw materials like coffee, metals or food, and you import almost all of your machinery, cars, etc. What should you do?
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Industrialization Most governments push industrialization Start or encourage new industrial firms, many government owned, like cars or steel Idea is that jobs in industry pay higher than jobs in agriculture Auto worker vs. sugar cane cutter Also industry is modern, agriculture backwards Also lessons from past: US starts very agricultural but most development and growth from industrialization
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115bslides_2 - Section 2 Import-Substitution...

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