POLSCI 1G06 Lecture Notes - Lecture 18: Andre Gunder Frank
21 Sep 2016
School
Department
Course
Professor
Document Summary
There is a core" that is advantaged by modern trade. According to the dependency theory, the economic development of european states only occurred because of the economic underdevelopment of non-european states. The question is, just how pervasive is the underdevelopment mechanism in history. >acquiring wealth is not the same as development; it is a process and does not perpetuate wealth going forward in every case. >wealth can be accumulated but not be able to sustain itself. >satellites must break the connection to the world capitalist system and go off on their own autonomous direction. >industrialization in brazil, for example, was at its strongest when ties between brazil and poorer countries were cut off. There were a variety of approaches that newly independent states need as they emerged from colonial rule: import substitution industrialization (isi) as a development policy: Based upon the idea that being connected to the world economy is problematic, particularly if state focus is on the wrong thing.
