GLBL 210 Lecture Notes - Lecture 14: Bretton Woods System, General Agreement On Tariffs And Trade, Dependency Theory
Document Summary
Gatt = treaty org. could only rule when member govts were entitled to retaliate against other govts. Against classical political economy who saw capitalism as a complex and unstable mechanism. The depression led him to believe that high unemployment could persist indefinitely. Small numbers of private industrialists began to appear and rise in importance. 5. a. b. c. a. b. a. b. a. b. c. a. b. c. Sought to identify conditions that had given rise to development in the. First world, and specify where and why these were lacking in the third. First world hindered the emergence from poverty of the third world. No real determinants to decide what stage a country is in except for maybe 1 and 5. Length of time varies with each stage, cannot predict. Insights of modern science >> new production functions in both agriculture and industry. Arises from external intrusion of more advanced societies.
