POL-UA 540 Lecture 13: Economic Development Plans and Their Consequences
4 Nov 2016
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Lecture 13: economic development plans and their consequences. Region needs economic reform; this will ultimately lead to political/democratic reform. Neoliberalism made huge changes to the political status quo. Economic development very different in the 20th century from previously. 18th and 19th centuries: collected more taxes, modernize army. Very hard to define and measure economy pre-wwi. Thus hard to make judgements about economy. Development of statistics developed field of economics and economic policy. Isi is composed of policies generated to create industrialization. Isi leads to rapid expansion of public sector employement. Leads to increase of government expenditure as a position of the gdp. Organized labor gains relatively high wages, bunch of social welfare benefits. Managers of state enterprises result in good wages/benefits, no domestic competition. Urban population gains access to good, secure jobs; given benefits of subsidies. Segments of the capitalist class gains some virtual monopolies from the state. The regime itself gains a patronage network rewarding loyalty and punishing disloyalty.
