good governance, investment climate ad development
free trade, FDI and FPI = good governance
1990s- change in the world bank
Problems with structural ajustment
Crisis in sub-saharan Africa
East Asian Success
Serach for new policy framewo
DEVS 230 Final Exam Review
How increase access to mobilize
social power to contribute to change
from above and below: 1. Division of
labour, 2. decision making processes,
Chapter 1: The Economy and Economics
Neoclassical Economics (21): a system used to justify the economic efficiency and
moral superiority of the capitalist system, focusing more on individuals and the existence
of market equilibrium
Production: Any kind of
What is Political Economy?
Political Economy examines and asks how different types of power structure the
institutions, processes and outcomes of global development.
What about Economics?
Political economy rejects the starting point of economics -
The Economist - An acronym with capital; The BRICS bank.
This article is about the creation of the BRICS bank as a rival to the IMF and World Bank. It
describes how this announcement has been a long time coming. It describes the summit where
To find what the effects of economic reform were on poverty reduction, income
differentials and disparate population groups
To facilitate an understanding of the consequences of the adjustment policies which have
lead to extensive
What are the arguments put forward by proponents of financial liberalization?
Asias fundamentals are severely wanting and mostly homegrown so there is a need for
liberalization to promote change
Less developed countries should place greater reliance on
Explain the good governance agenda. In what ways is it the same and/or different then the previous
Neoliberal model of development advocated by the IMF and World Bank? Can "bad governance" be
good for development?
The Good Governance Agenda
How does the OECD define a "good investment climate"? What kinds of conflict might arise
from the creation of a "good investment climate" and what role does power play in this?
What is a good investment climate?
Identical with best practices for creating
Architect, the Job
Architects design the blueprints of buildings, which they pass on to construction
If you want to be architect you must go through university and earn a bachelors or
masters degree in architecture
Programs you should take:
- more intricate than just econ and pls
- asks how power creates particular forms of economics and politics
why have economics and politics become separated ?
- how different power relationship create different econ and pols
Corp. Social responsibility
Product of FDI and FPI
What is CSR?
the notion that corporations must consider more than just pofit when organizing and
indertaking buisiness activities
Triple bottom line
PPP= profits, people, planet
CSR and De
Exam Turotrial Notes
To remember :
- Power Relationship > relational, symbolic, structural and abstract
- Four cs> context, collective action, conflicting interests, change
- puch came in the 2nd half of the 20th century
Debt Crisis and Import substitutions
Important to study this strategy because it become very controlversial during the time of
the debt crisi
ISI caused the debt > critics
Import substitution industrialization (ISI)
Econ policy which most po
the Debt Crisis
Developing countries, borrowed increasing sums of money as economic conditions worsened in 1970s
Encouraged by the IMF and the World Bank > in order to pay off outstanding debts not borrowing to
contribute to society
- no topics form the midterm (first 3= main lillars of neo-lieralism)
o Free trade
Motor of growth ?
Open to volatility
Whos fault was it?
Why did these crisiss occur ?
Did the crisis break out because of crone capitalism
Politics of de-colonization
Decolonisation a struggle not only for freedom from colonialism, but over different visions of post
Colonial rule had involved incorporating existing local power structures into the colonial system
Foreign Portfolio Investments and the Asian Crisis
FDI and FPI
two main tyrpes of investment:
foreign direct Investment
Investment to create or takeover a company that produces goods or services
Generally long term and productive (althoug
World Trade Organization
Binding procedure for resolving trade disputes in areas such as agriculture, intellectual
property, services, government procurement, subsidies, import licensing, textile
Operates through series of agreements from