POLSCI 3EE3 Lecture Notes - Doha Development Round, Conspicuous Consumption, Debt Relief
11 Nov 2013
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Document Summary
Origins of underdevelopment: debt crises, structural inequalities in the global economic system. Solutions: state options, foreign aid, liberalization (western or chinese, china has pulled back. Intra-south competition is problematic : african growth and opportunity act (agoa) vs mfa, domestic trade changes affect people. Reliance on resource exports dutch disease: netherlands, in the 1960s benefited greatly from resource extraction history, it hurt the ability of the state to manufacture other products cheaply. Conclusions of the reading: usa and chinese engagement & collier piece. African leaders need to make the best of the situations that they find themselves in. Madagascar in the late 1990s, which was doing well, but when the president lost the election in 2001, he refused to go and ruined the economy: easterly & collier. Debt forgiveness won"t provide money to spend on education. Debt relief doesn"t deal with the root problems, which is economic reform and corrupt governments.
