DEVS 230 Lecture Notes - Lecture 4: Susan Strange, Devs, National Debt Of The United States
11 Oct 2016
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Document Summary
Review week 2: its all power and power relations (susan strange & structural power) tetrohedrin control over security, production, knowledge, credit= they are all interrelated. Relational power: power of a to make b do something. Review week 3: bretton woods, imf & wb created, usa held structural power which lead to them controlling other countries to agree with their monetary policies = they benefitted the most became global economic powerhouse. Uk & us mainly drafted it its interests goals of conference after wwii wanted peace and global economic stability and promotion of trade. Imf= short term loans to governments of bw balance of payments problems, prevent countries economies collapsing. World bank= investing and focuses on development of countries like infrastructure. Un= one country one vote allows for more democratic than imf, quotas determine votes there. A development strategy that aims to foster industrialization through the substitution of imports with home made (domestic) products: post ww ii idea.
