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Lecture

lecture note

4 Pages
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Department
Political Science
Course Code
POL208Y1
Professor
La Haine

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Feb 9 2011
Why Weak Institutions
Colonial Legacy
No institutional infrastructure;
No modern self rule tradition
A nation state
Competing traditional
authority; culture, geography
Instability weak institution
More instability
The curse of natural resources (Dutch
Diseases)
Seems more countries that enjoy lots of
natural resources usually less
democratical worse off
Wars & Atrocities shifted since 1900s 
2000 move to African regions
Geography & The Proverty Trap
War proverty; proverty 
war
Tropical regions; poor, soil
disease
Remote location/ large
transportation cost; land locked
Is Africa doomed to be poor
Fundamental geographic
inequality Jeffrey
Sachs ; 3 basic things can
change this fate
ISI development need direct
intervention in the market
North need to give South
access to its markets; need
to maintain stable high
price for some raw
materials; case of
New International
Economic Order
The Debt Crisis; Prebisch
admitted that ISI was a
failure
Dependency Theory
World economy is one system
and must uncover power
relation within it; core/
periphery/ Wallerstein
System built in a way that
prevents South develops; the
north wishes to keep its power;
rules of game actively
perpetuated state of
dependency
S N raw material, N sells to
S manufactured
Attempt to break lead to
sanction, military
intervention
N collides with elites in S
thus dependency stops
playing the game
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Description
Feb 9 2011 ISI development need direct intervention in the market Why Weak Institutions North need to give South Colonial Legacy access to its markets; need to maintain stable high No institutional infrastructure; price for some raw No modern self rule tradition materials; case of A nation state New International Economic Order Competing traditional authority; culture, geography The Debt Crisis; Prebisch Instability weak institution admitted that ISI was a failure More instability The curse of natural resources (Dutch Diseases) Dependency Theory Seems more countries that enjoy lots of World economy is one system natural resources usually less and must uncover power democratical worse off relation within it; core Wars & Atrocities shifted since 1900 s periphery Wallerstein 2000 move to African regions System built in a way that Geography & The Proverty Trap prevents South develops; the north wishes to keep its power; War proverty; proverty rules of game actively war perpetuated state of dependency Tropical regions; poor, soil disease S N raw material, N sells to S manufactured Remote location large transportation cost; land locked Attempt to break lead to sanction, military Is Africa doomed to be poor intervention Fundamental geographic N collides with elites in S inequality Jeffrey thus dependency stops Sachs ; 3 basic things can playing the game change this fate www.notesolution.com
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