POL305Y1 Lecture Notes - Lecture 6: Polyarchy, Oxymoron, Structural Adjustment

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Usa doesn"t parachute into situations; there are local conflicts/divisions that the. It is about maintaining order rather than social change. Unprecedentent decrease in size of gap between rich and poor. Increase in standard of living for poor people. From state led development to neo liberal globalization. State led development- preferred policy in latin america by civilian and military governments. Economic policy goal- industrialize economy by setting up taxes, quotas, to protect domestic. Dominant national economies- linked to underdevelopment of global south. Core economies are dependent on export of raw materials- wood, oil, coal, people, and brain drain. Core periphery model- as long as periphery economies are linked into global circuits of trade, they will always be stuck. Actively de link- have to pull ourselves out of international circuits of trade. As opposed to export orientated economic plans: comparative advantage. Generate more profits and allow for more investment mid 20th century urbanization and industrialization.

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