GEOG-130 Lecture Notes - Lecture 23: Periphery Countries, Force India
Document Summary
Self-sufficiency approach: promoting development by protecting local small business from large international competition, making the country independent of the. Semi-periphery and periphery countries typically do this. Mdc"s often have better industries, can make cars cheaper than in ldcs, can undercut prices. Irony is that economists think that this approach actually can hurt growth and the economy because the curve of development isn"t meant. India still does this a little bit. China a little too with communist model with some industries to protect them. Eastern europe and india heavily restricted foreign automobiles in their countries, and it really had negative impact on the country. Many african countries cannot implement this model because they still rely heavily on the primary sector. Spreads investment through all sectors of the economy. Chevy becomes reliant on other companies for parts and resources. Goes to domestic countries for parts because of this approach, but if self-sufficiency doesn"t exist then very likely.
