Class Notes (837,687)
Canada (510,396)
POL201Y1 (221)
C Jung (55)
Lecture

Lecture 5

2 Pages
69 Views
Unlock Document

Department
Political Science
Course
POL201Y1
Professor
C Jung
Semester
Fall

Description
4 Strategies of economic development 1. Manufacture- export 2. Forced-capitalization 3. Primary- product export 4. Import substation industrialization Focus of ISI - Building up manufacturing enterprises to produce higher-value goods that were formally import3ed; reducing economic focus on primary resources - Light consumer goods; textiles, process foodstuffs, metallurgical products - Heavy industry; iron and steel, heavy chemicals, automobiles ISI is the solution to dependency: Build up a manufacturing base by withdrawing from the global market. How? - Stop importing secondary goods - Stop exporting primary goods Reason to Implement ISI - Volatility of primary commodity prices - Declining terms of trade o Demand for primary goods stay stable, but secondary grows, describes market elasticity in that demand for primary goods will not change - Developing
More Less

Related notes for POL201Y1

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit