POL 202 Midterm: Test 2 Comparative Government POL 202

• School: University of Miami
• Department: Political Science
• Course: POL 202
• Professor: Davidson- Schmich Louise

Document Summary

Organization of production: crops exported & taxed to finance industrialization, private owned firms by foreign investors usually, run competitively. Trade policy: generally free trade, few limits on goods/profits going in or out, incentives given to foreigners to come invest in profitable types of activity. Political organization: limited democracy with relatively high state capacity, state taxes the resources citizens (not firms) earn from industrialization to improve country as an investment location & finance social welfare. Real world results: pros: quickly catch up in development, competitive products/industries, increasing standard of living over time, cons: working conditions initially poor, no rights of unions or dissenters (silenced) to appease investors. Trade policy: free trade, no limits going in or out, incentives to foreigners to invest. Political organization: varying degrees of democracy with low state capacity, low taxes, state economic activity not desired. Theories of role of market & state, institutions shaping economy, cultural values, domestic & international structures.