POLS 2080 Chapter Notes -Millennium Development Goals, Capital Economics, Market Failure
29 Dec 2013
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Document Summary
Some of the developing countries have enjoyed impressive growth rates: the emergence of leftist policies in latin america. Flout the tenets of neoliberalism and put welfare at the centre of development. It is generally accepted that the creation of rich and poor countries occurred with the emergence of capitalism and the accompanying imperialism and colonialism. Industrialisation caused the wealth gap to widen: this caused the development project to come about after ww2 (the gap is higher today than it was in the. 40s and 50s rich countries 23 times richer than poor countries as of 2000) The post-development currents flatly reject development as a plausible goal for us to have. Limitations of capitalism: no increase in demand due to workers low wages, required a constantly expanding world market through commerce or conquest, created wealth in some societies and poverty in others, subject to cyclical crises. Seen with the depression and recession: unjust, impersonal, and uncontrolled governance by institutions (i. e. businesses)
