PO111 Lecture Notes - International Political Economy, World Trade Organization, Berlin Wall
Document Summary
What is development: economic: implies growth and industrialization of the economy (and little else, problems of development: (multi-dimension matter) Society must provide more than just economic benefits to members. Citizens should be involved in the decisions that affect their future (through group representation, direct democracy, or decentralization of power) Governing should be less arbitrary and more rule oriented to guarantee due process of law and security of person. Political/social development: ldc = less developed country. Low levels of per capita income, high inflation/debt, large trade deficit, lock of industrialization. Usually young states (created since end of ww2) and the retreat of colonialism, lack well-established gov"t institutions. Colonialism: strategic, or resource interested exploitation of weaker country(ies) by strong one(s), for political: societies seek political values (justice, order, freedom) in development. Most common value = legitimacy (of gov"t) Democracy can achieve this, in both national/international societies. Requires overthrown of established elites and the creation of strong institutions that guarantee democratic representation.
