SOSC 2800 Lecture Notes - Lecture 5: Statism, Blue-Collar Worker, Modernization Theory
18 Oct 2016
School
Department
Course
Professor
Document Summary
Week 5 - political economy of the developing world. All countries want to promote economic growth. Economic growth + equitable redistribution = living standards increase. With more growth - leads to more tax revenue - government can provide stronger services. Irreparable harm to environment - eg. china - pollution, population displacement. Based on marxism - capitalism produces unequal distribution of wealth, structural differences between those who own the means of production and those who provide their labour. Readdress structural inequalities between rich and poor. Attempt to break the periphery"s dependence vis-a-vis the core. With modernization theory during post-independence - increasing inequality throughout the developing world. Revolutionary political system based on marxism to address inequalities through economic growth. State owns and manages means of production - land, roads, factories, etc. Those making economic decisions are bureaucrats/state planners - state making economic decisions rather than market. Able to create new industries, high paying jobs, and living standards.
