Chapter 1-7 -midterm preparation

Chapter 1-7 -midterm preparation - INTD 200 1 INTD200...

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INTD 200 1 INTD200- Textbook Notes Chapter 1. - Development became significant right after WWII. - The West faced the new challenge of rebuilding countries that was shattered by the war. - Earlier days, development was considered largely with industrialization. Ultimate goal: to raise incomes and in the process give poor people access to the range of goods and services then widespread in developed countries. Getting richer or more prosperous Prosperity was measured in dollar figures. - Industrialization seemed essential for the creation of a country’s capacity to manufacture finished goods. - Coming of independence to the former colonial empires, the developing process got faster. - For two reasons, Asian, African countries were so eager to speed up the development. One, to provide better lives for their citizens Two, to consolidate their independence, to convert newly won nominal political equality with the rich countries into an economic equality that would earn them the respect that had been ignored under colonialism. - At the time, development was about using the state to spearhead the process of modernizing the society and raising its income. - In ideological spectrum, development thinking lied left-wing branches of the social sciences, but 20 th C, the left also included socialists and communists, and modern liberals. They favoured using the state as an agent of social transformation. They believed that the state could both develop economies and alter societies in a way that make them suit human needs. Believed that state could effective than the market (market favors privileged interests) - Right side of the spectrum (conservatives to fascists) also favored strong states and held an equal suspicion of the market, as a political force declined throughout the post-WWII period. - New right was based on classical liberalism that regarded state as a potential tyrant and venerated the freedom and productive potential of the market. - Early postwar period, development thought: like conventional economic wisdom – neither left nor right consensus had come to coalesce around certain core assumptions - Economies needed more state intervention than they had been given in the past. - America was in right-wing authoritarian regimes Faced the Depression and this gave Keynesian economics pride of place in both academic and policy circles in the first world. This influenced third-world academics and foreign advisers to emerge structuralist economics. Structural economy: were aware of the imperfect market and thought that the state would overcome. Development theorists proposed models that assigned the state a leading role in the economy. Many 3 rd world countries adopted the models and it seemed to promise a rapid journey into industrial age at first. -
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This note was uploaded on 10/09/2010 for the course INTD 200 taught by Professor .. during the Fall '09 term at McGill.

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Chapter 1-7 -midterm preparation - INTD 200 1 INTD200...

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