INTD 200 Lecture Notes - Lecture 4: Dependency Theory, Modernization Theory, Great Fear

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

Document Summary

Keynesianism: strong role of the state in development. Dependency theory: cutting off unequal trade relations = inward-looking industrialization with strong state intervention (democratization: criticism: very inward-looking based on protectionism. Neoliberalism: strong emphasis on free market and privatization (rejecting the role of the state) The developmental state: outward-looking industrialization with strong state intervention: different from dependency theory because dependency theory emphasises the problem of internal problems; developmental state emphasizes external factors, not protectionist ideas like dependency. Context matters; pay attention to the distinct contexts that are embedded in each theory. Keynesianism / development economics, 1930s: depression, strong emphasis on state intervention in the economy. The take-off stage: stages that are included in rostow"s economic growth model. All good things go together : critique of modernization theory in which it oversimplifies development / democratization processes. International division of labour: this problem is emphasized by dependency theory. What are the key characteristics of modernization: keynesianism (1930s)