POLB90H3 Lecture Notes - Lecture 10: Antonio Maria Costa, Rentier Capitalism, W. M. Keck Observatory
8 Dec 2015
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May increase exports and drain foreign exchange because they import inputs. Enforcement: it ranges from country to country. Self monitoring: it might work if the company has a very high sense of social awareness (very idealistic: labor organizing with international support, consume boycott. Need a fundamental change in development thinking. Un conference on trade and development (unctad: past: advocate to elevate poverty in poor countries, present: advocate free trade for economic success t reduce poverty. Their control of the most important economic activity in the country. Their alliance with local elites: example: elect or assign political leaders to mncs. 1890-1900: rapid technological change: stimulates search for new markets and raw materials. American fruit companies central america and the caribbean: guatemala: overthrow of jacob arbenz, 1954. Rooted in the green revolution of the 1950s. High tech farming supported by the world bank. Decline in production for food consumption and landlessness. Agro-bio tech corporation- main product are seeds.
