DVM 3106 Lecture Notes - Lecture 1: Heavily Indebted Poor Countries, Poverty Reduction Strategy Paper, 1973 Oil Crisis

• School: University of Ottawa
• Department: International Development and Globalization
• Course: DVM 3106
• Professor: Adolphine Aggor- Boateng;

Document Summary

Outline for today: academic research and development, development history, consequences and challenges, mainstream development theories. 1950"s and the post world war 2 development initiative: america has played a very significant role in development, marshall plan and the reconstruction of europe and japan- leaving the developing countries out. We can relate to the marshal plan when we think about the inequality of development in the world. Financial crisis ( mexico, russia, and east asian countries: new emerging economies as donors ( south to south) South to south cooperation ( china, india, and brazil are aid recipients but also they are donors). Challenges in the process: economic growth, modernization (theory , trade. Impact: poverty of nations and populations: dependency of poor countries on rich countries (dependency theory, dependency theory is a reflection of modernization theory. Significant supranational institutions: united nations (un, world bank, general agreement on tariffs and trade (gatt)- 1947; world trade organization.