POL201Y1 Lecture Notes - Lecture 6: Debt Crisis, Thomas Friedman, Structural Adjustment
Document Summary
Ussr and protectionism leading to the great depression: 1970s and 80s, fear of socialist modest for russia. Industrialization in latin america took the form if import substitution industrialization, a middle ground between market and state involvement. I(cid:374)dust(cid:396)ializatio(cid:374) th(cid:396)ough (cid:373)a(cid:396)ket a(cid:374)d (cid:858)health(cid:455)(cid:859) state i(cid:374)(cid:448)ol(cid:448)e(cid:373)e(cid:374)t (cid:449)as suppo(cid:396)ted (cid:271)(cid:455) the (cid:858) t(cid:396)u(cid:272)tu(cid:396)alist s(cid:272)hool(cid:859) led (cid:271)(cid:455) aul p(cid:396)e(cid:271)is(cid:272)h a(cid:374)d lati(cid:374) a(cid:373)e(cid:396)i(cid:272)a(cid:374) e(cid:272)o(cid:374)o(cid:373)ists. The typology of african development strategies: until 1980s, it was possible to identify development strategies by their different ideological and policy orientations, populist strategies, evident in countries such as tanzania, ghana and. State intervention: toda(cid:455) the (cid:272)ollapse of o(cid:448)iet (cid:271)lo(cid:272)(cid:859)s (cid:272)e(cid:374)t(cid:396)all(cid:455) (cid:272)o(cid:374)t(cid:396)olled (cid:858)(cid:272)o(cid:373)(cid:373)a(cid:374)d e(cid:272)o(cid:374)o(cid:373)(cid:455)(cid:859) a(cid:374)d the poo(cid:396) economic performance of the remaining communist nations (except china and vietnam, which have largely abandoned marxist economies) State played in making it possible, a view opposed by the world bank which insisted on the role played by market forces.
