PO SC 1040 Lecture Notes - Lecture 4: Energistics, Informal Sector, Dependency Theory

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2 Feb 2017
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Why Are Poor Countries Poor? POSC 1030
1. Who are the “poor” countries?
a. “LDCs” (lesser developed countries)
b. Characteristics
i. Weak infrastructure
ii. Informal settlements (no one formally owns property)
iii. Informal sector
1. Bartering is the main method of payment
2. Money can’t be taxed with bartering which results in no
money going to the government and no extra help nationally
iv. Primary products and labor intensive manfaturing
1. Raw materials (ex: farming foods)
2. Cheap on world market
2. Theories of Development
(aka who’s to blame for underdevelopment)
a. Culture: Modernization Theory
i. Rostow’s Stages of Development
1. Traditional society
2. Preconditions for take-off
3. Take-off
4. Drive to maturity
5. High-mass consumption
ii. No jumping around, you have to go through a process
iii. Capitalism results in Democracy
1. Criticized for being “on size fits all” when only based on a
couple of countries
2. Reaction, empirics, status
a. Ex: Chine (very developed, but no capitalism)
b. Ethnocenter the pressure to adopt western values
3. Prescription offered to countries that want to develop:
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