DEVS 230 Lecture Notes - Lecture 7: 2001 Fifa World Youth Championship, Neoliberalism, Root Mean Square
8 Dec 2017
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Why does the wb think its important: wb concludes that the structural adjustment programs didn"t work because of a lack of good governance. Search for new policy framework: good governance" agenda. Emphasises how institutions are necessary for market reform to work. 1990s - why: success of east asia (no saps, failure of africa (with saps, mexican peso crisis 1994-5 (model student) Strongest growing economies from 1970s-1990s were east asia: hong kong, singapore, taiwan, korea, south-east asian tigers and china. Wednesday, october 26, 2016: but did focus on promoting exports, local food production, state retained their major role. Were the asian success stories proof that the state could intervene to set up globally successful industries: i. e. major korean industries from daewoo to hyundai. Wb claimed that the state intervention mimicked what the market would do in any case: but need, crisis of saps in africa. Africa site of greatest wb/ imf in uence: most countries had undertaken drastic structural adjustment measures.
