PSCI 2223 study guide (4).pdf

Were able to service their debts when the debt crisis

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were able to service their debts when the debt crisis hit in the 1980s ISI← Import Substitution Industrialization: decrease imports, increase domestic manufacturing primary products→ industry protectionism-- set up trade barriers to decrease foreign competition (because if you’re just starting out as a new manufacturer then your product probably isn’t going to be very good quality, made efficiently etc etc) govt subsidies, cheap loans, tax breaks were made to draw investors to industry Weaknesses: not efficient, usually pretty bad quality--so can’t compete in foreign markets Washington Consensus by Williamson trade liberalization Privatization Fiscal and monetary policies Openness Foreign aid Famine, Affluence, Morality Singer He believes that suffering and death from lack of food, shelter, and medical care is bad. He comes to say that if we can prevent something bad from happening, without compromising anything of moral importance, then we ought to , morally, do it.
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