Theories 1

Theories 1 - world economy 2 The three differ...

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Theories Modernization theory Dependency theory;(Andre Gunther Frnak) Disputes modernization theory; 1. DC’s developed at LDC expense: Colonialism/Imperialism & its heritage. ( EX. “comparat.advantage” hurt LDCs vs. DCs) 3. LDC development is greatest when ties to DC’s are weakest (How ISI began) Dependent Development (Evans, Cardozo) 1. FRANK IS WRONG:LDC development (ie, industrialization) IS possible with strong ties to DC’s 3. It changes the nature of LDC dependences (doesn’t end it) 4. And DEIIFERS from DC development historically A. Not autonomous B. World Systems Theory (Wallerstein) 1. Three types of countries: periphery, semi-periphery, & core; core( dominate
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Unformatted text preview: world economy) 2. The three differ economically & politically 3. Development mainly only in core, richest & most powerful counties 4. Semi-periphery is a buffer, prevents global polarization—serves interests of core 5. Difficult to change global position 6. Only 1 world economy & it is capitalist Lessons From Cuba 1. PRE REVOLUTION: dependences on US & on sugar for trade; US limited industrialization (dependency theory?) 2. REVOLUTION OCCUREED DURING THE COLD WAR A. Affected by Western trade & financing (world systems theory?) B. BUT Soviet aid & trade were more important C. Soviet dependence replaced US dependence –trade, aid, sugar D. US tried to undermine revolution- hurt but no destroyed it. (How powerful the US?) E. Differences from capitalist era-social benefit In SUM domestic politics matters (som), but global constrains...
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