ATS1873 Lecture Notes - Lecture 12: Beijing Consensus, Washington Consensus, Public Diplomacy
Soft power- Joseph
Nye
- Pop culture
- Political ideals
- Public diplomacy
- Foreign aid
- Multilateralism
- Global public goods
- Educational and cultural exchanges
30/4: Globalisation and de-globalisation.
Globalisation
- Trade since WWII
- New International Division of Labour
- Globalisation of finance
- Hyper-globalization has seen 500,000,000 Chinese
people lifted out of poverty
- Neoliberal revolution
In IR
Over?
Managing
2/5: Development
Paradox of
modernity
Unprecedented prosperity combined with extreme inequality
Theoretical debates
Current approaches
Endogenous
- Cause of underdevelopment within developing
countries
- Modernisation theory: modern values and structures,
democracy, human rights, capitalism etc
Structural
- Causes of underdevelopment in the structure of
global economy
- Dependency theory
Neoliberal development
- Initial success of dependency thinking
- 1982 debt crisis
- Neoliberal path to development markets
- Modernisation redux?
- Washington consensus SAPs
Successes and failure
in age of
globalisation
China and India
- 500,000,000 people lifted out of poverty since 1980’s
Success via integration with global markets
Key role for the state
Beijing consensus
Success for select few
Most countries condemned to “low road to globalisation”: Paraguay
Without China and India, global poverty increased
Winners and losers
