Growth o state can generate economic growth not a

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growth o State can generate economic growth, not a return to dependency o Developmental state seeks to embed the state with capitalist markets Main Aspects of the Developmental State o Elites driven by public purpose Not driven by personal accumulation Goals drive by public interest and advancing development o Autonomous, cohesive, and capable bureaucracy Peter Evans Argues the state needs to have the standards of achievement by which bureaucrats are trained and promoted o Public private sector linkages “embedded autonomy” State needs to work with other groups and society Partnership between public and private to pursue developmental issues o Market-augmenting policies Reducing risks and uncertainties Creating incentives and commands at the micro level – indicating to investors where they should be investing, supporting firms in certain sectors – picking winners, dictating to firms what goods they should produce and how much of it
State will rewards firms that follow their directives Financial policy by the state is meant to provide capital for the firms to invest and produce Using banks to channel capital to firms so that they can be competitive – high debt to equity ratio Scarcity of capital in developmental world – pressuring banks to provide capital o Concentration of capital groups through conglomerates o Export-oriented industrialization (EOI) o Investment in education o Soft-authoritarianism – provides stability by protecting technocrats to pursue their economic plans, preventing popular mobilization, deeply linked to success of East Asia Makes analysts uncomfortable bc for development you need some repression
INTD 200 09/04/2015 ° September 25, 2015 ° Development Theories: Globalization Key Words o Globalization o Time-space compression o Neoliberal economic order o Global commodity chains o Corporate social responsibility Starbucks and Global Economy Central issue o Negative effects of globalization on the poor o Key causes: neoliberal economy supported by new technology and market-driven economic policies (since the late 1980s) o Outcomes: Domestic and international economic disparities Uneven trade relations (hierarchal power relations) Dependency on low-skilled laborers in global commodity chains My focus o Inseparable linkage between our daily consumption and the global commodity chains (exploitation of low-skilled laborers) General ideas o Intensive forms of interconnectedness at the global scale facilitating myriad forms of flows o Key flows: capital, humans, commodities, technology, information, symbols, and values o Key players: new technologies and the neoliberal economy (new players since the late 1980s) o Problem: ambiguous and confusing concept What is distinct about contemporary globalization?
o “time-space compression” (coined by David Harvey 1989) o Rapid economic integration at the global scale supported by new technology o

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