GGR112H1 Lecture Notes - Lecture 3: Cold War, Fordism, Modernization Theory
1 Jun 2015
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Removing obstacles necessary: prescription for development intervention, 1. Rational economic actors who behave as individuals. Promote through institutions, policy prescriptions and cultural changes. Goal to compete and be motivated to make money: 2. Economic growth takes off, investment not private ideally. State can have role if not private capital; Technology in production, manufacturing goods, infrastructure, consumption. Can buy from west as much as west can put in: 4. Democratic institutions modeled on west liberalisation theory. Criticism, state has too big of a role. Does not last forever, economy will soon no longer needs state"s investment because they can get from private companies and foreign investors. Needs state in public sector big role in development: 6. Modernisation theory happening during north american fordist economy. Evolution theory applied to idea of development. Change in relationship between working and bourgeoisie: 2. Society has changed: feudalism to capitalism, what is beyond capitalism must be reached.
