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Unformatted text preview: October 26, 2010 Strategies of Economic Development I. A Motivating Puzzle I I. Dependency Theory a. Background: Modernization i. Revisited b. Theory i. Mechanisms/Eras ii. Implications c. What is to be done?- Now we’re going to find out, from actual practice, what types of countries have gotten economic growth - Graph of Real GDP Per Capita for Brazil, Argentina, Singapore, and South Korea o In Singapore and South Korea, incomes are actually doubling every decade – ‘East Asian miracle’ – tremendous economic development o How did it happen? o Compare growth to Brazil and Argentina You see economic growth and life is better but the growth is not as outstanding o What were the differences between the two regions?- Modernization Theory o Two kinds of countries that look very different across the board o “All good things go together” If you get economic development, other good things will come, thus leading to democracy o One particular version of the theory argues that the best way...
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This note was uploaded on 01/19/2011 for the course GVPT 451 taught by Professor Joelsimmons during the Fall '10 term at Maryland.
- Fall '10