Poli Sci 111-17 - Poli Sci 111 17 18:28 Models of...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Poli Sci 111 - 17 18:28 Models of Development for the Third World – Structural adjustment and the East Asian  alternative Developmental (Statist) Model (1950s – 1970s) Import substitution industrialization High tariffs Domestic consumption supports international production Improve quality of production State ownership of industry (important feature for the developmental model) Need for capital and coordination Heavy spending on social services Helps population cope with economic transformation Debt Crisis ISI & Foreign debt Commercial vs State-based lenders Oil Shock Cost of loan rose with oil prices World Bank and IMF bail out Structural adjustment program Liberal (Capitalist) Model (1980s – Today) Structural Adjustment Programs (SAPS) Fiscal austerity Privatization Trade liberalization Factors affecting conditions Size of markets Valued resources
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Fiscal Austerity Decrease state spending
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern