IS 210 Lecture Notes - Lecture 1: Comparative Advantage, Andre Gunder Frank, Import Substitution Industrialization

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Tuesday January 12, 2016
Readings - Handelman Chapter 1
-Economic, social and political underdevelopment in the G.S may be influenced by a variety of
factors, and is unique to each country
-GDP is not necessarily an indicator of development - wealth distribution may still be extremely
unequal, and may impact access to basic services
-Life expectancy often corresponds with GDP, but not always - may be influenced by lack of
public health services and sanitation
-Modernization Theory: Some countries are less able to develop because their culture is less
conducive to neoliberal capitalism
-Dependency Theory: colonized nations are dependent on former colonizers (in the form of
multinational financial institutions like the IMF and World Bank) for loans to develop, but will
never be able to produce enough money to break the cycle
Lecture
Export Led Industrialization - states invest in industries that produce high value manufactured
exports
Import Substitution Industrialization - states try to stimulate the economy by creating the
industries to make consumer goods for the country and putting up barriers to imports - often
unsuccessful because it may be cheaper to import from a country that can manufacture a given
product more cheaply
Neoliberal globalization prompts states to
1. participate in a single free market
2. make that market the primary source for everything - services, healthcare etc.
(decreased government provision of services)
3. compel them to deregulate the labour market and remove any impediments to capital
Andre Gunder Frank theorized that states that were more intensely colonized are now less
developed/have more trouble developing. Although the focus on external politics is not always
useful, it emphasizes the harm of domination.
Tuesday January 19, 2016 - Democratization in the Global South
-Some Comparativists argue Neoliberal globalization (NG) has limited states’ abilities to foster
social and economic development
-Globalization refers to increasing global connectedness, but also some complex dynamics
-Scholars have divided opinions on NG:
-Optimists are uncritical
-Structuralists suggest it has been bad for all countries at all times
Or N.G provides some opportunities for positive political changes and can give countries
in the G.S a chance to change their position
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Document Summary

Economic, social and political underdevelopment in the g. s may be influenced by a variety of factors, and is unique to each country. Gdp is not necessarily an indicator of development - wealth distribution may still be extremely unequal, and may impact access to basic services. Life expectancy often corresponds with gdp, but not always - may be influenced by lack of public health services and sanitation. Modernization theory: some countries are less able to develop because their culture is less conducive to neoliberal capitalism. Dependency theory: colonized nations are dependent on former colonizers (in the form of multinational financial institutions like the imf and world bank) for loans to develop, but will never be able to produce enough money to break the cycle. Export led industrialization - states invest in industries that produce high value manufactured exports. Andre gunder frank theorized that states that were more intensely colonized are now less developed/have more trouble developing.

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