POLB90H3 Lecture Notes - Lecture 4: World-Systems Theory, Final Good, Andre Gunder Frank
29 Sep 2016
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World system: as unit of analysis, not nation state. Must examine history: the reformist strain of dependency: Divided world into a primary producing periphery (those who had raw materials) Unrestrained competition: prices in food market were decreasing, but manufactured goods were increasing in price - deterioration in terms of trade. Ecla"s solutions: bargaining power of developing countries in international trade be strengthened; stimulate industrialization through protection, foreign investment, and national planning; create a latin america common market. Global capitalism and underdevelopment: andre gunder frank (radical dependency) Deterioration in the terms of trade (similar to ecla) Industrial growth was not eliminating unemployment and underemployment. His basic point said that capitalist growth in periphery were a response to the needs of the centre - therefore capitalist growth in the periphery was not an independent growth. Metropole took from the satellite in order to better the metropole while the satellite was left underdeveloped: marxist theory of imperialism: lenin"s theory of imperialism.
