Class Notes (1,100,000)
CA (630,000)
McMaster (50,000)
POLSCI (1,000)
Lecture 4

POLSCI 2J03 Lecture Notes - Lecture 4: International Development Association, Western Europe, New International Economic Order


Department
Political Science
Course Code
POLSCI 2J03
Professor
Richard Mc Master
Lecture
4

This preview shows pages 1-2. to view the full 8 pages of the document.
Global Development
Test
- Someone who declined to be interviewed * hint for the test
- Concepts
- No dates, but understand sort of when they happened (era/decade)
- respond to 9 out of 18
Measuring Development
GDP per capita is good when above 37 000
GDP is also good, adds on more countries such as India and China
Growth rates as a percentage of countries GDP (shown on IMF website)
Another growth rate is shown which is more volatile showing more depths
and valleys
o We can see from the growth rates is that the overall growth rates of
advanced economies is lower than emerging economies
Human development index
o Education (literacy rate/level achieved)
o Access to healthcare
o GDP per capita
Measuring poverty looks at the percentage of the population that lives on
less than 1.25 per day (largest = Nigeria)
GINI coefficient
o A measure of inequality (can be measured as a percentage)
o 0 = total equality
o 1 = maximal inequality
o Used to measure income or wealth in society
o Interesting because India has almost 40 percent of pop living on less
than 1.25 a day compared to china which is around 16% however
India has almost ten percent lower (India = 30, china = 40) on the
GINI coefficient
o Canada is a little bit less than India
o Inequality is not subjected to the global South
Hard power
o looks at military numbers
Development as Janus Faced
Objectionable
o Neocolonialism
o Inequality
Attractive
o Economic liberalism
o Pov Red
Janus = roman god who had a double faced; God of both the past and the
future and this is true of development, there is this tension of how the past

Only pages 1-2 are available for preview. Some parts have been intentionally blurred.

defines the present (history of colonialism) also how the past affects how we
theorize about the pursuit of power and wealth
Bretton Woods, 1944
Trying to negotiate world order after WW2
ITO
o Liberalize trade
o Gradual attempt to liberal trade, seemed very objectionable (many
people who were affected by the war were unable to participate in
compelte free trade so they negotiated that whoever had a role in
leading industry )
IMF
o Lender of last resort money
o FX stability
o As capitol became liquefied , FX became less stable
The World Bank Group
International Bank of Reconstruction and Development , 1944-5
o International Finance Corperations 1956
o International Development Association (IDA) 1960
o International Centre for settlement of investment disputes ((ICSID)
1966
o Multilateral Investment Guarantee Agency (MIGA) 1988
emerge in bitter context of N S relations
IBRD
o Establish interdependence amongst both victors and those defeated in
WW2
o Immediate redevelopment of NA
o Helped moved a war economy into a more business economy
o Western Praxis of Bretton Wood
Praxis = Practice and Theory mixed, Keynesian economics and
that of practice of this type of embedded economy
o Focus on building infrastructure = main goal
o Europe
Marshall plan
How Europe received funds from the IBRD
Imperative of the government to extend loans to develop W
Europe, because of the threat of global communism, and the
socialist parties of W Europe
o East Asia
Special procurement and US aid
Bring Japanese government into a western government so they
did not feel isolated
Show Japan that its power and wealth is just as important as
the US
You're Reading a Preview

Unlock to view full version

Only pages 1-2 are available for preview. Some parts have been intentionally blurred.

o What about the rest of the world
Had a difficult and trying time
So much of the global South was a part of W Europe
imperialism (Parts of india/africa/Gulf states/Middle
East/South E Asia)
The position of the US was that of decolonization, to remove
the instruments of imperialism from places like Africa, Asia etc.
In 40’s-50’s
Offer them a way into Western International Economy
State was either:
o Inheriting, colonial apparatus (Poor healthcare,
but good police and security)
o Creating powerful institutions (good army)
o Creating nationalistic Identity (comes from the
context of a lot of European empires not being
willing to let go of their colonies)
Required guerilla warfare to create this loss of colonies
Or aligning with the Eastern Bloc
Case Study
Suex Crisis
Example f politics between western order, imperialism, and the oviet union
and the decolonizing world and the decision they needed to make
made in 19th century, made by French and british
for 100 years , canal controlled by British because of soverinty of Egypt
a revolution occurs in Egypt that is against a constitutional monarchy and set
up a socialist revolutionary state lead by Gamal Nasser
Nasser would give speeches to the Egyptians but really to Arabic world
denouncing the tyranny of colonialism and those gov that appeared to be free
that were really stooges of British and French
It was worried by Europe that Nasser as a revolutionary nationalist, that he
would threaten security of the canal
in 1955 he goes to give another speech and he is not himself, he keeps on
saying name of French architect of the canal randomly, because this name
was a code word to rush the canal and they nationalize the canal without
firing a shot
Seen as abhorrent to French and the British
Anthony Eden (British prime minister) meet with US president and talk
about reclaiming the canal, the US president completely disagrees with their
proposal and the logic is a fear that that kind of action would just prove to
the decolonizing world that the Bretton woods order and institutions like the
world bank and IMF was all overlapping and Bretton woods would be backed
up by Violence and war
B prime minister and someone else join Israel who is willing to play along
You're Reading a Preview

Unlock to view full version