INTLSTD 101 Lecture : Module 5 Lectures
Document Summary
Idea of development aid (rich countries aid poor countries: truman doctrine (1947, concern: greece and turkey falling under communist rule, george marshall proposes european recovery plan. It"s against hunger, attack misery and want, but really development was best defense against fascism and communism: take away: beginnings in cold war rivalries between planned and free market economies. Increase western aid to less developed countries: cancel debt for most indebted. Improve terms of trade for countries dependent on agriculture: failed on all these accounts, but did raise awareness about poverty and hunger, over 1 billion viewers, raised over million. Bretton woods conference: gatt, facilitated economic globalization. Intl bank for reconstruction and development: bringing less developed economy into world economy. Structural adjustment policies: recipients of aid required to implement, fiscal austerity. Income distribution within a country: how strong governance may provide social supports better than an unregulated market, other outcomes include:
