INTD 200 Lecture Notes - Lecture 2: Eurocentrism, Mass Production, Neoliberalism

• School: McGill University
• Department: International Development
• Course: INTD 200
• Professor: Kazue Takamura

Document Summary

The stages of economic growth (w. rostow) To identify and examine specific variables that determine positive or negative development outcomes, primarily political and economic outcomes. What are limitations that each theory embodies/ Keynesianism: strong role of the state in development. Dependency theory: cutting off unequal trade relations = inward-looking industrialization with strong state intervention. Neoliberalism: strong emphasis on free market and privatization (rejecting the role of the state) The developmental state: outward-looking industrialization with strong state intervention. Very different from dependency theory in that there isn"t a major emphasis on protectionism but instead on global competition and context (outward looking) When approaching these theories, context is very important because it is embedded into each theory. Keynesianism/development economics, 1930s: depression, strong emphasis on state intervention in the economy. In order to overcome the global recession, many countries needed heavy state intervention, as the state was the only actor capable of stepping in and solving the massive unemployment and economic issues.