POL S 7 Lecture Notes - Lecture 12: Oligopoly, New International Economic Order, Washington Consensus
Document Summary
Zambia achieved independence in 1964, and had large resource of copper and resources; had a popular new president. Zambia began to digress: president taken out of office, political unrest, little supply of drinking water, low life expectancy rate and high rates of malnourishment. South korea becomes very developed, with large access of sanitation and industrialization. Illustrates that billions of people still live in poverty. Development experiences in countries are very varied. Most international organizations use poverty line of . 50 a day. Although everyone in poor countries prefers more development to less, actors within countries may have conflicting interests with respect to development. At the international level, rich and poor nations have a common interest in accelerating economic growth, but there are many instances of rich countries supporting policies that disfavor developing countries. Economic growth requires overcoming domestic obstacles that are detrimental to development, and international impediments from conflicts of interest with rich nations.
