SOCB30H3 Lecture Notes - Lecture 11: World-Systems Theory, Foreign Direct Investment, Financialization
Document Summary
Tapping the indian diaspora for indian development agarwala. Development includes all policies and practices that aim to improve the well being of people, economically, socially, and politically (social and political rights and improvement of economic income) Eradicating poverty to increase humans choices and capabilities. Minimizing inequality so choices are not distributed based on ascriptive characteristics. 1950s-70s: isi, self-sufficiency; emigrant apathy, emigrant disdain brain drain . 1980s; liberalization, globalization -> started opening up borders, emigrant celebration (moved from disdain to celebration of the diaspora of india) inequality has increased over the 1980s. Has a city" like look with tall buildings and high economy. Not all people in the construction industry and cities can get jobs! Exporting labor migrants and importing incomes earned abroad. Remittances through the migrants sending money home to their families (this is higher than official development aid) ; tended to stay steady and increases.
