PSC 1001 Chapter Notes - Chapter 11: Social Democracy, Planned Economy, Economic Liberalism
Document Summary
Degrees of state intervention how do states promote economic development? political economists consider the state"s level of intervention in the economy. Social democracies and state-led development two approaches to middle path social democracy. Colonial legacies timing of state formation partly answers question of why some countries are rich and others poor wealth of european powers accumulated partly as result of their colonization of world between. 1500 and 1900 colonization conditioned possibilities for economic development colonization doesn"t necessarily doom a state to eternal poverty: ireland and china colonial legacies appear to matter a great deal because colonization often leaves a weakened state. China demonstrates countries once colonized can overcome weak institutional inheritance. European colonial powers adopted different strategies and implanted different institutions when consolidating their overseas empires settlement colonies: established primarily as a place for people from europe to settle (us,
