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POLI 227 march 25.docx

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McGill University
Political Science
POLI 227
Rex Brynen

POLI 227 – Lecture Notes March 25, 2013 -course evaluations on Minerva -no class on April 3 or April 8 -book report due on Wednesday in class -late date on April 3 -don’t need to use footnotes/endnotes for pages in the book -don’t need subheadings for 2 headings -STAPLE IT -there’s no grading penalty for using “I”; however, you will almost never see this in a formal book review  sounds more credible to say “a major weakness of the book is…” instead of “I think that…” Dependency approach -the dependency approach: solutions?  expanded state role/nationalization?  But: often bloated, inefficient public sector  decoupling, ISI?  But: advantages of trade  producer cartels  But: require inelastic product, low stocks, robust suppliers, cohesion, control over supply  dependent capitalist development? -saw the dependency approach much earlier in the course (colonialism) -post-colonial third world was trying to participate in an international system which is structured in such a way to make development difficult -late development into a pre-existing global capitalist state meant the state had to play a proactive role in participating in this system to offset the advantages that the North enjoyed -one of the drawbacks of having a large state where there was a large public sector of state corporations: those corporations turned out to be bloated and relatively inefficient  often had trouble maturing enough to be a major global actor -state-owned industries were used to generate higher employment/consolidate political control through patrimonialism -another recommendation was for a degree of insulation from national trade from ISI -there is a drawback to ISI: those industries might never fully grow up because they’re sheltered behind tariff barriers -banding together to change the terms of trade is another option -into 1980s: some success with OPEC, controlling supply -hard to be a producer cartel; you require a price inelastic product  if you increase the price people still buy it -can’t do this with something that’s easily substitutable -can’t have it stockpiled -have to have robust suppliers who can afford to not produce at the maximum possible rate  one of the problems of OPEC; dealt with developing countries that had incentives to produce as much as possible in order to meet quota, because they needed the money -you need cohesion; once people start cheating you can no longer keep the price high -a lot of producers of oil today aren’t OPEC members -that means that not only does it make less difference what quota OPEC sets, but there’s very little incentive to stick with OPEC if other places (Nigeria, Alberta) are producing as much as they can -OPEC lost its ability to influence oil production like it did in 1970s -Saudis can influence it because they have a lot of oil and they’re not desperate for money -dependency theory suggested it’s really hard to develop -however, there were some areas where significant degrees of development were occurring BRICs and NICs -growth rate estimates in Western countries: highest point is 3% -developing world: highest point is 10% -growth in the post-2008 recession period is 3x higher than in the industrialized world -Brazil/Russia/India/China have experienced rapid growth in the last 13 years  very steep in the proportion of global income Asian growth -growth/GDP per capita has also rapidly taken off -see charts on slides for projected shares of world GDP in 2040 -need to be careful about keeping in mind that this is total GDP, rather than average GDP per capita -but right now, in our generation, we’re seeing a historic shift in the
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