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Colonialism in Asia

You can get wealthier through capitalism state will

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Unformatted text preview: overlaps with Washington consensus From where do effective states emerge? Free trade and maintaining comparative advantage. Competing with industrialized states Industry goes away in third world countries Why is industry so important? Because of comparative advantage Participate in capitalism However countries needed money to buy the tools, and they had to take loans to buy them from the rich countries, which placed them in a worse position ISI Third world countries have been de- industrializing recently (Egyptians) Third strategy: developmental state (Japan) China can’t respond to Europe’s entry State steps in and says we’re goinna industrialize quickly before the Europeans come in and take us over. They develop a state that can industrialize How is it different...
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