POL100 Feburary 13, Post war reconstruction.docx

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22 Apr 2012
School
Course
Professor
Post war reconstruction
Growing the global economy
Asia’s Rise
- These Asian economies that are now some of richest in the world, most (post world war 2) were
poorer than countries in africa
- Part of the OECD club of rich nations
- Occurred over a long period of time, didn’t just export more rice but continuously upgraded
their industrial infrastructure
- Many of these economies grew partly because of government intervention (eg Hyundai)
- They provided subsidies, investments into their R & D etc.
- Another factor is infant industry protection ( governments impose tariffs on foreign goods to
encourage the purchasing of domestic goods exclusively
- Allows industries to grow to be able to compete in international markets
- They picked and made market winners; these economies were market regarding; creating
products with international demand
- They didn’t use endowed comparative advantages but rather created them
- American patronage: places like Korea received lots of American military and aid, important
because if you didn’t have to spend money on military because it was being provided for you,
you could spend money on other things.
- American consumers bought the products these economies made
- Developmental state: governments or the state was organized in particular way that they were
hierarchy organized, very little corruption, attracted the smartest, paid high salaries, had a
strong coordinative capacity to facilitate economic growth
- Export oriented growth: if you want to get rich you must plug into the global economy; they
sold more exported goods than buying imported goods
Outlier or model?
Market regarding- Smith
- Market logic to economic growth
Mercantilist List and Hamilton
- Their rise was a result of economic nationalism, had more to do with government intervention
specifically to create comparative advantage
Dependent development (Lenin and Wallenstein)
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- Involves the core and periphery
- Periphery took advantage of their dependence on the core
- Depended on foreign markets
- Asia’s economic rise was a function of plugging into a global economy that was in good times
- In 1870-1913 the world GDP average annual % change is 2.5%, and by the end of world war 2 it
grew to 5.3%
THE WORLD WARS: A DEVASTATING TURNING POINT
- world war 1 15 million deaths and 50 million in world war 2
world war 1 (1914- 1918)
- rise of germany: undergo massive industrialization (steal industry namely) in the late 19th
century
- naval arms race between Germany and England
- Alliance formation: England forms an alliance with france and Russia to contain the irse of
Germany
- Isolationism/expansionism
- Power transition moment: a rise in german power and the perceived decline of the hegemon (
England) which lead to perceived instability and lead to world war 1
- 1010 treaty of Versailles and germany’s defeat: the war guilt clause said this awful war where
many died is germany’s fault, they had to admit that they caused the war
Collective security
- Woodrow Wilson ( felt very strong about not involving the U.S in a war they felt wasn’t their
problem)
- He develops the collective security doctrine:
- Was for the preservation of state sovereignty
- Also recognized that new norms, rules and institutions be made to avoid any similar situation to
world war 1
- Outlawed offensive wars
- Deterred aggression through coalition
- Failed deterrence lead to collective punishment
League of nations 1919- Paris peace conference
- Global security became a collective responsibility
- Peace was still fragile in terms of security and economy
(l) Breakdown of Collective Security
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