POL208Y1 Lecture Notes - Lecture 7: Sub-Saharan Africa, Extreme Poverty, Division Of Labour
Document Summary
Pol 208 lecture 7 october 26. Links economics and politics to explain the creation of winners and losers. How one may cause the other and vice versa. Insert politics to understanding economic outcomes and how do economics affect political decisions: actors: states, groups (skilled and unskilled workers), transnational groups, we should think about the incentives that firms have to act. Issues: trade, currency exchange and monetary policy, international finance and capital flows, justice/injustice of distribution of economic benefits. Some actors are interesting in doing and/or maintaining inequality: states differ in interests, multinational and domestic corporations. Interest groups (domestic), ngo"s (global, international: social movements (occupy) Historical gap between west and rest is closing. Extreme poverty concentrated in sub-saharan africa and parts of asia. Extreme oppression does not lead to sustainable development. Resource curse demand for export of raw materials; resource exploitation does not require much education and investments.
