GS211 Lecture Notes - Lecture 6: Latifundium, Capital Accumulation, Monocropping
Document Summary
Growth and development: from development countries themselves beneficiaries of aid (propose different policy based on negative outcomes of current system of aid) Marx linear view of development feudal, capitalist, communist linear (how things ought to progress) Who does what in the production process, who decides what is produced, how it is produced, possibility of exploitation: mode of production: system of social relations organizing production, relations of production, legal system, state, cultural norms and ideology. Structuralism: role of ecla (economic commission for latin america) whose mission is to promote development in latin america. Latin america, for example: comparative advantage applied in latin america since 1850 until post- Core idea: a country should limit itself to produce what it is good at with the most efficiency (= at a lower opportunity cost). It should import the other stuff it needs. Hence development over centuries of large monocrop agricultural estates (e. g. corn, coffee, cane sugar, bananas, etc. )
