GGR112H1 Lecture Notes - Lecture 9: Gross National Income, Main Source, Developmentalism
4 Jun 2016
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Document Summary
Big d development international development, ensemble of policies and practices of intervention in the third world, emerged out of decolonisation and cold war. Little d development narrow development view, development of capitalism. Transition from keynesian to neo-liberal development policies classical development in 50"s and. 60"s was based on state-assisted industrialisation and keynesian government spending policies, has been discredited through the 80s. Four asian tigers hong kong, shanghai, beijing and taiwan becoming very strong economic powers in the global stage, new competition that forced uk and usa to move towards neo-liberal development policies free market economies deregulation. Soon the policies spread globally by institutions, imf and world bank. Free market is a false notion, in order to implement neo-liberal policies. State always plays a key role (legislative, military powers) to ensure the policies are implemented (fordist). Video clip on neo-liberalism: the ideology behind contemporary globalization. Protests converged on wto against globalization for the first time on us soil.
