POLB81H3 Lecture Notes - Lecture 5: Comparative Advantage, Human Capital, Structural Adjustment
Document Summary
This article is an instant of institutionalism. They have technical expertise experts on economist, developments. Offer their advice about how to better function in the global capitalist economy. Instant of change the worlds mandate has evolved multiple times. Instant f globalization of alternating the world bank in globalization. Canada is not the major player anymore in terms of funds and capital but we are a major player when it comes to technology and knowhow to develop an economy. They"re still going to go with their goal to help poverty but less of the role. Hegemonism problem of capitalism and how capital is distributed unequally. Not all countries are able to be a part of globalization because what they"re good in producing is already being produce by someone else. Even if they produce it, the cost they get is not too much. (ldc is only good in agriculture): exploitation and transformation, control of production- commodity dependence.