POL SCI 51A Lecture Notes - Lecture 17: Mercantilism, Full Employment, Bretton Woods Conference
25 Mar 2016
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Picking and making market winners (making and markeing product for which there was global demand). American patronage (allowed for more capital to be used for markeing and producing aciviies). In the post-war period, if you made a product, americans would buy it. Developmental state (evan) has a coordinaive capacity; coordinate economic acivity in efecive and eicient ways. Theory market regarding smith: there"s a market logic to economic behavior, and global trade is what fuels economic growth. Weberian aitude of protestanism and hard work led to. Asia"s rise: mercanilist list and hamilton a quesion of naionalism and government intervenion. Government created comparaive advantages: dependent development lenin and wallerstein global capitalism comprises the core and the periphery. The peripheral countries developed by taking advantage of the core (asian countries depended on foreign aid, technology, and markets to develop). China could not have risen and developed if it wasn"t for the global context in which it developed (global economic growth).
