POL301Y1 Lecture Notes - Lecture 8: Walt Whitman Rostow, Modernization Theory, Neoliberalism
Document Summary
It ignored the global historical development, and especially the history of colonialism and blames the victims for lack of development. Ignores internal conflicts, class, corruption within developing nations development (i. e. if you could only change the culture, development would occur: classical dependency approaches also fail to provide specific causes of. Criticisms of dependency theory: criticism of the role of the west. New lecture: the debt crisis, the pressure for reform and saps. Africa from hope to despair: since independence, developing countries and africa in particular, have seen foreign borrowing, and the consequent debt challenges, decade of opportunity, hope and promise of development in the. 1960s: decade of mounting burden in the 1970s, decade of debt crisis in the early 1980s, continuing problems requiring debt management in the 1990s and in the new millennium. August 1982, mexico announced a moratorium on its foreign loan repayments.