Class 18

Class 18 - Prior to decolonization(1945-1965 Non-Western...

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Prior to decolonization (1945-1965) Non-Western economies were part of global trade networks Exported commodities (Tea from China) Exported labor (South Asians in Caribbean) But economic growth/standard of living in Asia and Africa was low : Africa/Asia fell behind and badly Unequal terms of trade: imperial preferences/coercion Colonial extraction: primary commodities exported manufactured goods imported Situation developing countries were in (logic of comparative advantage) What they had (abudant factors of production) Land – to make primary goods Labor - for labor-intensive products What they didn’t (scarce factors of production) Capital – technology/machine tools etc What should they do (according to CA)? Solution: to export primary goods/labor-intensive goods, import capital-intensive goods. How? Expand free trade / specialize in agriculture-LI goods They didn’t do this: why? Why Developing Countries didn’t follow the leader
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This note was uploaded on 12/13/2011 for the course POLI 260 taught by Professor Sens,allen during the Spring '09 term at UBC.

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Class 18 - Prior to decolonization(1945-1965 Non-Western...

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