INTD 200 Lecture Notes - Lecture 3: Structural Adjustment, Free Trade, Foreign Corporation

• School: McGill University
• Department: International Development
• Course: INTD 200
• Professor: Kazue Takamura

Document Summary

Keynesian economic development theory: rose out of demand for social welfare following the depression. Believed states would need to adopt western culture and poliics, follow same trajectory (transiion from tradiional to modern society): red scare: wanted newly independent states to industrialise w/o turning to. Marshall plan and belief that investment led to posiive change, modernisaion: characterisics of modernisaion process: Revoluionary: country will be v diferent in the end. Systemic : interconnected, changes to one area will afect the rest. Global: forces of change are oten exterior. Homogenising: modern socieies are all structurally similar. Irreversible: no failure, just slow progress over ime. Progressive: all good things go together : econ growth will lead to democracy, development, etc, walt rostow"s 5 stages of economic progression: strong opposiion to communist ideas. Take-of: important bc it"s when actual systemic socio-economic transformaion takes place (modern tech, industrialisaion, etc. ) Teleological, unidirecional and homogenising (toward a single end- industrialisaion and democraisaion)