POLSCI 3B03 Lecture Notes - Government Of South Korea, Washington Consensus, Feedback

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Two examples are the developmental state model in east asia, which emphasized industrial policy and state intervention, while the american (/british, etc. ) economies where the market plays a greater role. With globalization, many argued that the two divergent systems would converge. Pressures such that all state policies (and all economies to some extent) should start looking more and more alike. Strategic/military issues tended to be put at the bottom of priorities. Economics growth (expansion)/prosperity put at the top. Discussion - what kind of convergence was sought via the "washington. Consensus" and its resultant international organizations? (stubbs sheet) Important trends after the cold war changing structure of the state and their policies. Nature of the state (impetus on economics) ; finance ministries, central banks, and often executive office steadily became more important. State policies; those areas started communicating more as well, meeting on a regular basis tending to produce convergence.

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