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9 Mar 2011
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Feb 9 2011
Why Weak Institutions
โ€ขColonial 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 & Atrocitiesโ€ฆ shifted since 1900s ๎€๎€‚
2000 move to African regions
โ€ขGeography & 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
๎€ƒFundamental geographic
inequality โ€“ Jeffrey
Sachs ; 3 basic things can
change this fate
ISI โ€“ development need direct
intervention in the market
๎€ƒNorth need to give South
access to its markets; need
to maintain stable high
price for some raw
materials; case of
๎€ƒNew International
Economic Order
๎€ƒThe 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
๎€S๎€ N raw material, N sells to
S manufactured
๎€ƒAttempt to break lead to
sanction, military
intervention
๎€ƒN collides with elites in S
thus dependency stops
playing the game
www.notesolution.com
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Document Summary

Seems more countries that enjoy lots of natural resources usually less democratical worse off. 2000 move to african regions: geography & the proverty trap. 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. the debt crisis; prebisch admitted that isi was a failure. 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. Sachs ; 3 basic things can change this fate sanction, military intervention. n collides with elites in s thus dependency stops playing the game www. notesolution. com. The non aligned movement; organization of african unity (63), general assembly.

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