PSCI 2602 Lecture Notes - Lecture 9: Import Substitution Industrialization, Non-Aligned Movement, United Nations Conference On Trade And Development
Document Summary
Development as social, economic, and political transformation from a traditional to a modern society. Focuses largely on internal factors as obstacles to development. East asian nics as successful cases, government pursued export-orientated and market friendly policies. Example: credit allocation and jump starting certain industries: developmental state explains the role of government of nics. Example: credit allocation, labor management, protection of infant industries, promoting export-orientation. Industry policy = promoting some sectors or products. External and structural factors as major obstacles to development: dependent development = developing countries dependence on capital, technology, markets of the core, need to cut off ties between core and periphery. Connection among ipe context, development ideas, and development practices. After wwii - 1970"s: more bargaining power for ldc (less developed countries, opportunities for collective action. Became united nations unctad: development idea and practice. Example: state enterprises, infrastructure building, loans from world bank. Import substitution industrialization (isi) influenced by latin american nations and dependency theory.