PSCI-2230 Lecture 99: Finals Notes
12 Dec 2018
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Document Summary
Crossroads of merchants - trade center oil , phosphates, chemicals and natural gases - cotton in egypt. Few naturally occurring high value primary products outside of oil. Public debt - can"t borrow on the international level. Difficulty in attracting fdi (foreign direct invesments) or local investment. Buttonwood agreement 84 - agreements to ensure dispersion of global capital. Out of step of me bc states are the drivers of the economy - #1 employer and producer of capital. State led, then structural adjustment to force the market. High unemployment - birth rate increased, most are under 30 years old. Decrease in worth of natural gas and no longer as needed. Moving away from oil as a main source of revenue should lead to engaging in manufacturing of new things - but international market is not interested in investing in me countries. Me has influenced its debt, but its still high. Want foreigners to come invest in market and employ the citizens.
