POLC90H3 Lecture Notes - Lecture 6: Totalitarianism, Structural Anthropology, Mercantilism
Document Summary
There are great variations in how different countries, during different periods of time, have arranged the interactions between state and market: 1. Interventionist state and a mixed economy (embedded liberalism) or: 2. A non-interventionist state and free market economy (neo-liberalism). The debate has been largely about a state-managed versus market-led development strategy. Early development economists recognized the role of government in providing social overhead capital or infrastructure to facilitate economic development. Others argue that government should undertake activities that would compensate for. Milton friedman clip (pbs commanding heights website): Oil crises of 1970s also ongoing, serious inflation, causing recession, eventually causing the influx of neo-liberal policies. There are two views on whether the state should be actively involved in development: the compradorial" view, and the weberian view: 1. The compradorial" state view sees the post-colonial state as run by an elite.
