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Lecture

Dependency and Development

5 Pages
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Department
Political Science
Course Code
POL101Y1
Professor
Jeffrey Kopstein

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Political Science February 7th, 2011
Dependency and Development
Reading: Lenin, Imperalism as a Special Stage of Capitalism, pp.101-106
Evans, Predatory, Developmental and Other Apparatuses, pp.561-587
What is development?
Human development – taken by international organizations, e.g. UN, looking at
individual human beings and their lived experience, e.g. health outcomes,
education, literacy, infant mortality
Equitable development – interested in terms of distributive or redistributive
consequences of development, looking at how income/wealth/prosperity is
distributed through political and economic system through highest and lowest
living conditions
Capacity having the skills, education, experience and technology in order for
social systems and the economy to continually develop, having economic capacity
to sustain that development
Sustainable development – sustaining for the long term, e.g. environmental
concerns and ensuring we are developing systems and not destroying the earth
Political development – democratic reform is political development
Todays lecture will Focus on aggregate economic growth how economies
grow and why they grow and how economies in the aggregate improve over time
so that as individuals in the aggregate lived or future experiences improve over
time
Theories represent different ways in which we understand the world
David Recardo
The cosmo political view of the world is one in which the invisible hand of the
market ought to prevail
The key to the global economy is specialization
Through specialization effect is division of labour, do what you are best at doing
Global division of labour – each country, each firm specializes
Human effort is important – capitalism is not good for lazy people, rewards those
who adhere to protestant effort, those who are rational, those who are paranoid
about their life, they will excel in capitalism
This will lead to global porosity and through global prosperity will be global
peace
The Mercantilist View
What matters in global political economy are countries
The Leninist View
Inspired by Marx
www.notesolution.com
Political Science February 7th, 2011
Marx argued that capitalism was inherently contradictory
That there were fundamental contradictions in capitalism that will eventually lead
to end of capitalism due to proletariat revolution
Lenin argue that imperialism is substitution of capitalism
Monopoly which has grown out of free competition
Lenin argues that highest order of capitalism is not its own demise but rather
highest order of capitalism is monopoly capitalism
Monopoly capitalism are huge firms, over course of time these firms acquire
monopoly and overtime it acquires so much capital it can not longer invest in its
economy
Capital much leave through imperialism – finances own commercial interest in
other countries, leading to expansionism
Best way to get out of not being able to invest all capital into own economy is to
purchase other countries and invest in them
For Lenin its finance capital – money that needs to leave the system and does so
by taking over other countries quite violently
Began exploring global capitalist system and began explaining
World Systems Theory
1.Global capitalist system is exploited and much be in order for it to function
2.It is a system
3.World Systems theory is a structural theory
World Systems theory looks at systemic view of global capitalism
Smith understood it as Europe, the rest of the world were barbarians
Fredrick understood it as Anglo-European
Takes notion of global capitalism
Ideological dominance throughout modern era that privileged Adam Smiths view
of the world, free trade
Takes seriously this term Monopsonistic purchasers (the north) – a huge single
purchaser. By virtue of the scale in which they are buying, set prices
Structure” of Global Capitalism
Dominantcore (western countries, e.g U.S. and Canada) veversus dependent
periphery” (third world, developing, poor countries)
Peripheral countries are structurally dependency – unchanging, cannot be fixed,
always peripheral country or core country
On mono, low-value exports
On global north
The Implications of Global Capitalism
(I)Cosmopolitical view – not about dominance
www.notesolution.com

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Description
th Political Science February 7 , 2011 Dependency and Development Reading: Lenin, Imperalism as a Special Stage of Capitalism, pp.101-106 Evans, Predatory, Developmental and Other Apparatuses, pp.561-587 What is development? Human development taken by international organizations, e.g. UN, looking at individual human beings and their lived experience, e.g. health outcomes, education, literacy, infant mortality Equitable development interested in terms of distributive or redistributive consequences of development, looking at how incomewealthprosperity is distributed through political and economic system through highest and lowest living conditions Capacity having the skills, education, experience and technology in order for social systems and the economy to continually develop, having economic capacity to sustain that development Sustainable development sustaining for the long term, e.g. environmental concerns and ensuring we are developing systems and not destroying the earth Political development democratic reform is political development Todays lecture will Focus on aggregate economic growth how economies grow and why they grow and how economies in the aggregate improve over time so that as individuals in the aggregate lived or future experiences improve over time Theories represent different ways in which we understand the world David Recardo The cosmo political view of the world is one in which the invisible hand of the market ought to prevail The key to the global economy is specialization Through specialization effect is division of labour, do what you are best at doing Global division of labour each country, each firm specializes Human effort is important capitalism is not good for lazy people, rewards those who adhere to protestant effort, those who are rational, those who are paranoid about their life, they will excel in capitalism This will lead to global porosity and through global prosperity will be global peace The Mercantilist View What matters in global political economy are countries The Leninist View Inspired by Marx www.notesolution.com
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