Restricted information flow Exploitation Lack of resources needed for

Restricted information flow exploitation lack of

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Restricted information flow - Exploitation - Lack of resources needed for innovation - Poverty prohibits saving and reinvesting Conflict Theory on Development - What does development involve? - Unfair labor conditions? - Aid and trade realtions with dictators? - Tacit support for regimes with horrible human rights records? - CIA playing key role in implementing US foreign policy abroad? Conflict Theory on Development - Wealth of some countries and poverty in others has always been systematically related - under evelopment - Capitalist exploitation of resources - Internal economies undermined Mechanisms of Control - Control over capital, debt repayment, currency devaluation - Overflow of money from poor to rich
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- Cheap exports, overprieced imports Conflict Theory- power plays out - Control - Over patterns of investment - Export-orientated production very mobile - Boom or bust economic cycles - Shifting centers of production - Creation of new international division of labor The Invisble Hand - Transfer pricing - Labor market relations - Corporations, banks, governments agencies - Workings of invivsble hand, people as pawns
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