POLS 1201 Lecture Notes - Lecture 6: Capitalism, T-Shirt, Industrial Revolution
20 Apr 2018
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Export-led growth: countries that sold products primarily used in industrial revolution. Lower dependence on other countries for primary products. T shirt company: selling shirts for , england selling for . You could compete, but you"re going to have to undo the political bargain of this model aka paying workers fair/high wages. Isi supports a democratic government: working class does better, rich don"t have to crush them to compete economically. Competing with the rest of the world is a move from the idea of democracy. Taxing imports so citizens will buy the product produced in the country. The model: they industrialize similarly to countries who use isi, but instead, they export their goods ie: japan with high technology. 4 crucial parts: works hard to have high quality workers. Cheap, well disciplined, well trained: strongly encourages investment in budding industries, picking winners .
