POL 540 Lecture Notes - Lecture 3: 1973 Oil Crisis, Dependency Theory, Modernization Theory
13 Jun 2017
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Associated with ideas about improvement, advancement, progress. Having more time with family and friends. Having recognition for hard work and talents. When you have a good job but other around you do as well. When the water you drink and air you breathe is cleaner. Authored mainly by academics in us universities and policymakers in the us government and usaid. Context: post ww2 optimism, cold war geopolitics mt was most influential during. Prosperity-growth will trickle down and take care of inequality. Economic growth as a factor of development based on just gni. Comparative advantage: developing countries produce what they have advantage over. Agents: national governments facilitate private enterprises, western donors. Authored mainly by scholars in developing countries especially in latin america and favored by policy makers in developing countries. Perceived failures of development practices informed by modernization theory. Development is prosperity, modern/rational societies, technological and scientific advancement, distributive justice is a key concern.
